Gentrification and access to housing in Mexico City during 2000 to 2022

Daniel Aguilar-Velázquez, Iván Rivera Islas, Guillermo Romero Tecua and Alfonso Valenzuela-Aguilera ()
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Daniel Aguilar-Velázquez: a Departamento de Ciencias e Ingeniería de la Computación, Escuela Superior de Cómputo , Instituto Politécnico Nacional , Ciudad de México 07738 , México
Iván Rivera Islas: b Facultad de Arquitectura , Universidad Autónoma del Estado de Morelos , Cuernavaca , Morelos 62209 , México
Guillermo Romero Tecua: b Facultad de Arquitectura , Universidad Autónoma del Estado de Morelos , Cuernavaca , Morelos 62209 , México
Alfonso Valenzuela-Aguilera: b Facultad de Arquitectura , Universidad Autónoma del Estado de Morelos , Cuernavaca , Morelos 62209 , México

Proceedings of the National Academy of Sciences, 2024, vol. 121, issue 10, e2314455121

Abstract:

We conducted a spatial and temporal analysis of housing patterns in Mexico City by utilizing an extensive database of 16,000 prices for flats and houses, covering the period from 2000 to 2022. Our findings reveal a striking trend: The average housing prices have quadrupled over a 20-y period, without considering inflation. In contrast, the per capita labor income of Mexican citizens has declined relative to inflation. As a result, the average family encountered four times greater challenges in accessing housing in 2015 as compared to 2005. Furthermore, our research demonstrates that areas that have undergone significant gentrification or super-gentrification contribute to a widespread increase in land value on neighboring zones, leading to the emergence of clusters of highly expensive neighborhoods.

Keywords: gentrification; housing; Mexico City; segregation; inequality (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:nas:journl:v:121:y:2024:p:e2314455121

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