Abstract
This study analyzes the relationship between recorded land titles and real estate markets in areas of Lima, Peru, that were settled informally and/or illegally. It uses both quantitative and qualitative methodologies. It shows that, in settlements in the process of consolidation, titled land has higher market value than land without a title. However, the existence of a recorded title does not necessarily contribute to the predominance of formal real estate market transactions; in fact, the trend of informal transactions in rentals, purchases and sales persists.
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