The debate on the Peruvian real estate boom, which began in 2006, focuses on its role in driving the national economy, ignoring its consequences on the access to housing for vulnerable people and its socio-spatial effects. This research starts with analysis of the main policy and regulatory changes that have been taking place at different governmental levels, which have also modified the characteristics of local urban management within the Metropolitan Area of Lima (LMA). It then explores the formal supply of apartments-which are regarded as the main real estate product within the MAL, and two major socio-spatial consequences associated with 10
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