Building activity in large and intermediate cities phase I: effects of land and mass transport policies in Bogota

Building activity in the country's large and intermediate cities has undergone changes over the last 25 years. During the 1990s, changes in housing policy and the financial system implied changes in the dynamics of building real estate projects. From the year 2000, the formulation and implementation of the Territorial Planning Plans (POT) generated a change in the regulation of land use and real estate market in aspects such as the classification of urban expansion zones and areas to promote redevelopment and urban renewal processes. The urban standard established in the POTs also included the implementation of intermediate planning figures and land management and financing instruments which have had an effect on the dynamics of building activity. At the same time, the implementation of the national urban transport policy has been promoting the formulation, construction and operation of integrated mass transport systems (SITM) in the country's large and intermediate cities, which have had an impact on land development and building activity in these areas. Currently, there is limited knowledge of the effects of land policies established in the POTs and of massive transport investments in urban development. This research project seeks to estimate the effects of these policies on building activity in Bogota through a spatial and quantitative analysis of the census of works from 1992 to 2006.