Innovations in Real Estate Enterprises in the New Development Hubs of the Metropolis of Recife

Abstract

Purpose: This article aims to characterize the innovations introduced in real estate projects implemented in new centers of development in the metropolis of Recife, attracted by changes arising from the economic dynamization encouraged by means of large industrial and real estate projects by the state government in municipalities located farther from its central hub - Recife. Theoretical framework: The text bases itself on research on real estate dynamics based on broader studies on housing provision, characterizing changes in the real estate development adopted by the private business sector through its linkage to financial capital. Method: In addition to the bibliographic review, it highlights the impact of the expansion of the real estate sector to the peripheral municipalities in the new development poles of the Recife Metropolitan Region, based on the typological and innovation survey. It also proceeded to the geoprocessing of the referred enterprises, systematized in quantitative tables. Results and conclusion: It highlights, as a result, the implications caused by these developments, either by the expansion of the housing supply caused, or by the socio-spatial changes caused, especially in its surroundings, resulting from the proposed innovations. Research implications: The findings of this research points to greater pressure on municipal public authorities to change their territorial planning instruments, transforming rural and peri-urban areas into new areas of urban expansion. Originality/value: This study presents advances in understanding the process of expansion of real estate investments in peripheral metropolitan centers through the diffusion of new housing standards, especially planned neighborhoods/cities.