Putting the crisis to work: The real estate sector and London's housing crisis
Putting the crisis to work: The real estate sector and London's housing crisis
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化解危机:房地产行业和伦敦的住房危机
DOI:
10.1016/j.polgeo.2021.102433
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发表时间:
2021
影响因子:
4.1
通讯作者:
Brill F
中科院分区:
文献类型:
--
作者:
Brill F
The idea of ‘crisis’ plays an important role in academic and policy imaginations (Heslop and Ormerod, 2020), particularly since the global financial crisis. Across major western cities, at the same time as policy-makers have had to respond to ‘the(economic) crisis’, many have also experienced intense ‘housing crises’ and the acute divergence of average incomes and house prices. In response, cities such as London have become central sites in debates around housing acquisition by the ultra-wealthy, land value extraction and growing levels of unaffordability. However, much critical geography research on housing crises is state-centred or focused on civil society impacts, with relatively little reflection on the real estate sector andthe work that crisis doesas a narrative in shaping institutionalised and actor-centred practices. In this paper, we draw on in-depth research with developers, investors, and advisors in London to argue that crisis-driven policy responses have created political risk which is differentially experienced by actors across the sector, with large housebuilders and advisors benefitting whilst smaller niche developers move out. Moreover, we show how consultants, investors and developers have used the crisis situation to create new geographies, products and investor types in the housing market. These, in turn, require regulatory support and demonstrate the inherently political nature of crisis narratives' use. We use the London case to broaden understandings of the impact that conceptualisations of ‘crisis’ have on urban and regional planning practices, and how these influence and shape processes of contemporary urban development.
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DOI:
--
发表时间:
2018
期刊:
影响因子:
--
作者:
Annelise Riles
通讯作者:
Annelise Riles
影响因子:
3.5
作者:
Enora Robin
通讯作者:
Enora Robin
DOI:
--
发表时间:
2001
期刊:
影响因子:
--
作者:
B. Jessop
通讯作者:
B. Jessop
DOI:
10.1177/0308518x20969417
发表时间:
2021
期刊:
Environment and Planning A: Economy and Space
影响因子:
--
作者:
Frances Brill;Daniel Durrant
通讯作者:
Daniel Durrant
影响因子:
3.3
作者:
Atkinson R
通讯作者:
Atkinson R