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100			_aCastillo, Mirtha Lorena del _954260
245			_aRent-seeking middle classes and the short-term rental business in inner-city Lima/ _cMirtha Lorena del Castillo
260			_bSage, _c2020.
300			_aVol 57, issue 12, 2020: (2547–2563 p.)
520			_aBetween 2007 and 2017, Lima experienced an unprecedented growth of the construction sector and an increase in high-rise condominiums. Urban land as a strategic resource has altered the spatial configuration of Lima’s central districts. This paper presents the results of a case study of Barranco, a central and emblematic district of Lima that underwent an intense real estate boom. In our assessment, we connect the recent touristification and gentrification debates to develop a new pattern of Latin American gentrification. We argue that Barranco’s consolidation as a tourist destination, along with the relaxation of local construction policies, has led to the development of one-bedroom apartments in high-rise condominiums destined mainly to be rented out to tourists and other types of floating population. This urban restructuring model has created new business opportunities for what we call a rent-seeking middle class, keen to invest in real estate as an alternative means to increase their income. By way of discussion, we argue that the case of Barranco exemplifies a new trend in Latin American gentrification which is not characterised by an influx of the urban middle class into central areas, nor by a massive physical displacement of lower-income residents, but by the growing purchasing power of a wealthier middle-class group investing in the short-term rental business in combination with other enabling factors.
700			_aKlaufus, Christien _954261
773	0		_08843 _916581 _dLondon Sage Publications Ltd. 1964 _tUrban studies _x0042-0980
856			_uhttps://doi.org/10.1177/0042098019881351
942			_2ddc _cART
999			_c13441 _d13441