Abstract

SANTANA RIVAS, Luis Daniel  and  ALZATE NAVARRO, Angela. Promotion-Capitalist Construction in the Metropolitan Region of Medellin: Towards a Single Housing Market?. Cuad. Geogr. Rev. Colomb. Geogr. [online]. 2023, vol.32, n.2, pp.306-327.  Epub Mar 13, 2024. ISSN 0121-215X.  https://doi.org/10.15446/rcdg.v32n2.97748.

The advance of the processes of spatial metropolization has acquired a remarkable magnitude in Medellin and central Antioquia. A dimension little explored, but key in this field, is the social and spatio-temporal praxis of the promoter-builder agents. Therefore, the objective of the article is to identify whether the scales of housing production, as well as the social and spatial scales of developer-builders in the metropolitan region of Medellín during the expansive real estate cycle between 2004 and 2018, suggest dynamics of articulation. Based on trade statistics of housing projects built, the scales of production and social and spatial performance are comparatively analyzed in the three areas by means of descriptive indicators, correlation coefficients and the construction of price isopleths. A tendency towards concentration of developer-constructor capitals was found, which is expressed in a growing integration at a metropolitan regional scale of the different segments of capitalist production of housing, with serious implications in the rapid increase of housing prices and a phenomenon of spatial convergence of these throughout the metropolitan region of Medellin. It concludes on the social and environmental implications of the current configuration of scales of production and social and spatial performance, as well as on evidence pointing to an emerging financialization of housing production.

Keywords : construction; Medellin; metropolization; real estate market; housing.

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