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There is no one who lives here. Why did rents skyrocket in Medellín?
(Universidad EAFIT, 2023) Gómez Aristizábal, Juliana; Castaño Rodríguez, Ana María; Universidad EAFIT
In Medellín, the demand for rental housing is exceeding supply. Part of the explanation for this is the influx of foreigners who find attractive conditions in the city for remote work. This is leading some landlords to list their properties on platforms like Airbnb, which are much more profitable than traditional rentals. Is Medellín experiencing a gentrification process? What is the impact of this phenomenon on the city's long-time residents?