Land and housing values within urban containment and densification in Bogotá 1969-2012

In 1979, Bogotá implemented an urban growth boundary with an increase in height limits in central areas. These policies were aimed to protect the surrounding rural areas and consolidate a dense and multi-use city center. Internationally, these policies are criticized arguing that they increase the p...

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Hoofdauteurs:	Yunda, Juan G., Cuervo Ballesteros, Nicolás
Formaat:	Online
Taal:	spa
Gepubliceerd in:	Revista INVI 2020
Online toegang:	https://revistainvi.uchile.cl/index.php/INVI/article/view/63271
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id	oai:ojs.revistas.uchile.cl:article-63271
record_format	ojs
spelling	oai:ojs.revistas.uchile.cl:article-632712020-12-14T16:52:18Z Land and housing values within urban containment and densification in Bogotá 1969-2012 Valor del suelo y vivienda, contención al crecimiento urbano y densificación en Bogotá 1969-2012 Yunda, Juan G. Cuervo Ballesteros, Nicolás In 1979, Bogotá implemented an urban growth boundary with an increase in height limits in central areas. These policies were aimed to protect the surrounding rural areas and consolidate a dense and multi-use city center. Internationally, these policies are criticized arguing that they increase the prices of urban land, which is opposed by the argument that this increase is compensated by raising height limits to avoid higher housing prices. The present study analyzed the height limits and the increase in the price of homes and land, gathering historical prices from different sources and crossing these data with the height regulations of each era. The results show that the increases in the height limits and their use by real estate investment were differentiated and contrary to the intentions of zoning plans, greater in the areas of high social stratum, moderate in the middle stratum, and smaller and even negative for the low stratum. The land in the high stratum sector increased more than seventeen times in value while housing prices remained stable; the valuation was much lower in the lower stratum and housing is now more expensive En 1979 Bogotá implementó un perímetro de crecimiento con un aumento de los límites de altura en el centro. Estas políticas buscaban proteger la ruralidad circundante y consolidar un centro denso y de uso múltiple. Estas políticas son criticadas internacionalmente con el argumento de que aumentan el precio del suelo, sin embargo, esto puede ser compensado con el aumento en los límites de altura para no afectar los precios de la vivienda. El presente estudio analizó los límites de altura y el incremento del precio del suelo, recopilando precios históricos de diferentes fuentes y cruzando estos datos con las normativas de alturas de cada época. Los resultados muestran que los aumentos del límite de alturas y su aprovechamiento, por medio de la inversión inmobiliaria, fueron diferenciados y contrarios a las intenciones de los planes de ordenamiento, siendo estos aumentos mayores en las zonas de estrato social alto, moderados en estrato medio, y menores e incluso negativos para el estrato bajo. El suelo en el sector de estrato alto tuvo una valorización de más de diecisiete veces, mientras que los precios de la vivienda permanecieron estables; la valorización fue mucho menor en el estrato bajo y la vivienda es ahora más costosa. Revista INVI 2020-08-03 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf application/xml https://revistainvi.uchile.cl/index.php/INVI/article/view/63271 Revista INVI; Vol. 35 Núm. 99 (2020); 177-201 0718-8358 0718-1299 spa https://revistainvi.uchile.cl/index.php/INVI/article/view/63271/66839 https://revistainvi.uchile.cl/index.php/INVI/article/view/63271/66864 Derechos de autor 2020 Juan G. Yunda, Nicolás Cuervo Ballesteros
institution	Universidad de Chile
collection	OJS
language	spa
format	Online
author	Yunda, Juan G. Cuervo Ballesteros, Nicolás
spellingShingle	Yunda, Juan G. Cuervo Ballesteros, Nicolás Land and housing values within urban containment and densification in Bogotá 1969-2012
author_facet	Yunda, Juan G. Cuervo Ballesteros, Nicolás
author_sort	Yunda, Juan G.
title	Land and housing values within urban containment and densification in Bogotá 1969-2012
title_short	Land and housing values within urban containment and densification in Bogotá 1969-2012
title_full	Land and housing values within urban containment and densification in Bogotá 1969-2012
title_fullStr	Land and housing values within urban containment and densification in Bogotá 1969-2012
title_full_unstemmed	Land and housing values within urban containment and densification in Bogotá 1969-2012
title_sort	land and housing values within urban containment and densification in bogotá 1969-2012
description	In 1979, Bogotá implemented an urban growth boundary with an increase in height limits in central areas. These policies were aimed to protect the surrounding rural areas and consolidate a dense and multi-use city center. Internationally, these policies are criticized arguing that they increase the prices of urban land, which is opposed by the argument that this increase is compensated by raising height limits to avoid higher housing prices. The present study analyzed the height limits and the increase in the price of homes and land, gathering historical prices from different sources and crossing these data with the height regulations of each era. The results show that the increases in the height limits and their use by real estate investment were differentiated and contrary to the intentions of zoning plans, greater in the areas of high social stratum, moderate in the middle stratum, and smaller and even negative for the low stratum. The land in the high stratum sector increased more than seventeen times in value while housing prices remained stable; the valuation was much lower in the lower stratum and housing is now more expensive
publisher	Revista INVI
publishDate	2020
url	https://revistainvi.uchile.cl/index.php/INVI/article/view/63271
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Land and housing values within urban containment and densification in Bogotá 1969-2012

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