Financiarización y gentrificación transnacional

Raíces de un proceso de transformación urbana en Cuenca, Ecuador

verfasst von

Matthew Hayes, Daniela Celleri

Abstract

The financialization of housing is central to understanding urban development and the processes of transnational gentrification occurring in the Global South. The city of Cuenca offers an emble-matic case, in which transnational investment has induced new processes of urbanization, much of it intended to attract higher-income consumers from the Global North. The transformation of its real estate market from a local one into a transnational one is led partly by Ecuadorian migration to the Global North, but it is also accompanied by North-South lifestyle migration. Both groups have helped to propel real estate construction, especially of new, dense, high-rise condos. The article argues that Ecuador’s attempt to boost its construction sector and expand mortgage credit through securitization of debts has helped to attract transnational pools of migrant wor-kers’ savings to the built environment of its cities—notably Cuenca. Yet the benefits of urban housing investment are not shared by lower-income workers there, who continue to lack access to affordable housing.

Organisationseinheit(en)

Institut für Soziologie

Externe Organisation(en)

St. Thomas University (STU)

Typ

Artikel

Journal

SCRIPTA NOVA

Band

27

Seiten

139-161

Anzahl der Seiten

23

ISSN

1138-9788

Publikationsdatum

15.07.2023

Publikationsstatus

Veröffentlicht

Peer-reviewed

Ja

ASJC Scopus Sachgebiete

Geografie, Planung und Entwicklung

Ziele für nachhaltige Entwicklung

SDG 11 – Nachhaltige Städte und Gemeinschaften

Elektronische Version(en)

https://doi.org/10.1344/sn2023.27.40341 (Zugang: Offen)