Impact of socioeconomic condition and market characteristics on the location choice of real estate developers in Brazil: a case study in the city of Recife, Brazil
||Souza-Lećo-Jr, Fernando pontual de
||Impact of socioeconomic condition and market characteristics on the location choice of real estate developers in Brazil: a case study in the city of Recife, Brazil
||21st Annual European Real Estate Society Conference in Bucharest, Romania
||The changes that South America economies has experienced, especially from the 1990s, inserted some countries in the global economic context and increased the some countries growth. Closer relations among the state and market agents marked it. This article discuss the impact of socioeconomic variables in the location choice of real estate developers in the territory of Recife city, Brazil. It proposed a statistical model using the socioeconomic characteristics of the 94 districts of the city, based on the database of Census of the IBGE (Brazilian Institute of Geography and Statistics, 2000 and 2010). In spite of the different methodology techniques used in other papers, this work concludes that the socioeconomic condition (economic status of neighborhood, or population externalities), are fundamental to understand the segmentation of City“s territory. The occupation determines increasingly segmented areas for poor people that lives in the suburbs, while the best living spaces stays with the rich part of population. This case presents the occupation process most common in the Brazilians cities, mainly in the major urban agglomerations.
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||G: Market Research, Analysis & Forecasting
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