Title not available in English.

Abstract

Residential segregation and the dynamics of the property market in the city of Rio de Janeiro: relocalizing the rich, expelling the poor. The paper explores the mediating role of property market in generating residential segregation. Thus, it addresses the conceptual and methodological question of identifying (even econometrically) whether the spatial mobility of families produces the relevant market signals - mostly through changes in second-hand housing prices -, orienting property capital over space. Of if it is, alternatively, the latter's relatively autonomous “logic”, that redefines intra-urban structures, dragging along its own market. It is shown that the market for apartments is still basically high-income oriented (in contrast with the situation in cities of the developed countries) and that the rapid (faster than family mobility) spatial desconcentration of this market - associated to phenomena such as the closing, from the inside, of the market in higher valued areas and the need for product innovation and differentiation in order to displace effective demand exercized by the more profitable upper - income family market - has played an important role in expelling out the poor, albeit through indirect means, from the areas subjected more intensively to new property developments.