World Heritage Site:
Quebrada de Humahuaca
Publication Year:
2020
Publication Type:
Article
Publication Identifier:
WHEB525AB92E0
Summary
The Quebrada de Humahuaca, Argentina, has experienced significant land value appreciation due to capital redirection toward real estate, exacerbated by high inflation and tourism growth following its UNESCO World Heritage designation. A multiscalar study analyzing property prices from 2004 to 2018 revealed that the region's economic transformation stems from investment-seeking refuge in stable assets, coupled with increased tourist demand. The research suggests that while the area's economy is heavily reliant on tourism—making it vulnerable to global crises—the post-COVID-19 scenario may see a decline in property values and economic depression, posing challenges for sustainable development.
Citation
Braticevic, S. (2020). Valorización inmobiliaria regional y escenario post-COVID-19. El caso de la Quebrada de Humahuaca, Argentina. Semestre Económico, 23(55), 161–182. https://doi.org/10.22395/seec.v23n55a7