THE LIMITS OF LOCAL MANAGEMENT IN THE STRUCTURING OF THE CITY’S TERRITORY: REFLECTIONS ON REAL ESTATE VALUATION

• DOI: 10.22533/at.ed.21632523130910

• Palavras-chave: Real estate market; Structure of the Urban Territory; Local Development

• Keywords: Real estate market; Structure of the Urban Territory; Local Development

• Abstract:

  The structuring of urban space is a product of the clash between urban planning and the “invisible hand” of the market, which creates a pattern of urbanization influenced by multiple variables, some manageable at the local scale and others that can be understood and modified only at larger scales. comprehensive, generally inaccessible to local managers. These non-local factors, such as population dynamics, the wage bill and the availability of credit, remain hidden and neglected in local territorial development actions, which undermines their effectiveness. Ignoring what cannot be changed contributes to the construction of territorial diagnoses full of “blind spots” that can guide local instruments and programs that are insufficient to change reality. This article addresses this issue from an exploratory approach to the popular housing market in the Macrometropolis of São Paulo - Brazil with the objective of identifying the non-local variables that contribute to explaining the structure of the real estate market. Understanding the local - non-local relationship can favor the conception of a new generation of territorial instruments to promote local development, which act in a less reactive way, enhance the integration of urban policies and recognize territorial complexity on multiple scales, thus, truly transform cities.