Real Estate Investment Trusts and private housing production in Santiago de Chile: a new step towards the finantiarization of the city?

Despite the influence in the scientific debate of the hypothesis of an interaction between economic globalization and the development of a new metropolitan model, few studies have handled the analysis of the concrete forms of articulation between these two spheres. The main purpose of this paper is to appraise the contribution of one form of capital market operators Chilean real estate investment trusts-in the making of housing spaces in Santiago. Based on the examination of their residential assets, this article shows their growing role in the funding of private housing They seem to favor housing models and localizations that suitably match up the timings and policies of their internal functioning Consequently, it appears they have direct responsibility on the verticalization of the skyline and on the renovation of central neighborhoods. In the diffusion of the requirements the capital markets in the housing sector and in its asset management tools we see a new facet of the progressive "finantiarization" of big metropolis.