AESOP ANNUAL CONGRESS 2025

Session

T_15 PROPERTY MARKET ACTORS

T15

8 Jul 2025, 11:00

A0-16 (YTU Davutpasa Campus)

Conveners

T_15 PROPERTY MARKET ACTORS: Public Planning Mechanisms and Financial Actors

• Tuna Tasan-Kok (University of Amsterdam)

T_15 PROPERTY MARKET ACTORS: Property Owners, Developers and Community

• Francesca Leccis (University of Cagliari)

T_15 PROPERTY MARKET ACTORS: Emerging Planning Institutions, Strategies, and Property Markets

• Elvan Gülöksüz (Istanbul Technical University)

T_15 PROPERTY MARKET ACTORS: Relational Dynamics among Property Market Actors

• Elvan Gülöksüz (Istanbul Technical University)

T_15 PROPERTY MARKET ACTORS: The Government-Market Nexus in Property Development

• Tuna Tasan-Kok (University of Amsterdam)
• Francesca Leccis (University of Cagliari)

1002. The financialisation of planning through formal legislative change: the case of Ireland

Dr Linda Fox-Rogers (University College Dublin)

08/07/2025, 11:00

Track 15 | PROPERTY MARKET ACTORS

Oral

While there is a growing body of scholarship elucidating the nexus between financialisation, urban governance and planning (Savini and Aalbers, 2016; Waldron, 2019), the ways the local state (and planning systems) shape the necessary legal, regulatory, and policy frameworks that enable financialisation in practice remain largely overlooked (Christophers 2015). Moreover, little attention has...

1087. The financialization of actors, practices and instruments. Insights from Milano’s Urban Market

Alberto Bortolotti

08/07/2025, 11:10

Track 15 | PROPERTY MARKET ACTORS

Oral

Over the past two decades, the concept of ‘financialization’ has gained prominence in urban studies, reflecting the growing influence of financial actors, practices, and instruments in shaping urban markets.

This phenomenon, as explored by scholars such as Epstein (2005), Leyshon and Thrift (2007), Krippner (2011), Gotham (2012), Christophers (2015), Raco et al. (2019), and Aalbers (2019),...

90. Becoming asset managers under institutional uncertainty: Local land governance in Ukraine

Mr Oleksandr Anisimov (Aalto University)

08/07/2025, 11:20

Track 15 | PROPERTY MARKET ACTORS

Oral

The implementation of three interconnected reforms in Ukraine in 2019-2021 has set the stage for one of the largest transfers of land ownership and land use controls on the European continent. First of these, the Decentralization reform resulted in a large-scope municipal amalgamation. Over 12,000 mostly sparsely populated rural, institutionally weak, and subsidy-dependent municipalities were...

1640. The Process and Financialization Characteristics of Financial Institutions' Involvement in Renewed Rental Housing: Latest Cases from China

Mr 岚清 李 (清华大学)

08/07/2025, 11:30

Track 15 | PROPERTY MARKET ACTORS

Oral

Against the backdrop of tight urban spatial resources, urban governments in China are actively implementing urban renewal strategies by transforming idle commercial and office spaces as well as urban villages into rental housing. This is conducive to revitalizing the utilization of existing spatial resources and promoting the balance between employment and residence. Globally, the rental...

1173. An Analysis on the Factors Affecting the Institutional Resilience of Housing Developers

Ms Şeyma Öztaş

08/07/2025, 14:00

Track 15 | PROPERTY MARKET ACTORS

Oral

Resilience theory focuses on the ability of systems and organisations to resist crisis situations, absorb the effects of crisis and adapt to new conditions. This theory offers an important perspective, especially in understanding the dynamics of complex systems. In this study, Resilience theory is analysed in the context of the housing sector. Studies on the factors affecting the corporate...

593. From sprawl to tall: Lessons from Kelowna, Canada as a blueprint for downtown intensification in mid-sized cities

Dr Rylan Graham (University of Northern British Columbia)

08/07/2025, 14:10

Track 01 | POSTGROWTH URBANISM

Oral

Canadian cities are consistently characterized as low-density, dispersed and decentralized, largely due to the pervasiveness of car-oriented development and policies that encourage urban sprawl (Bunting et al., 2007; Talmage & Frederick, 2019). This has cemented Canada’s profile as a “suburban nation” (Gordon & Janzen, 2013), which is particularly true in “mid-sized” Canadian cities...

1200. Negotiated Planning in Brazil: From Comprehensive Planning to Deal-Making Cities

Paulo Nascimento Neto (Graduate Program in Urban Management, Pontifícia Universidade Católica do Paraná)

08/07/2025, 14:20

Track 15 | PROPERTY MARKET ACTORS

Oral

This paper critically examines the transformation of spatial planning in Brazil, marked by a shift from participatory and comprehensive frameworks grounded in master plans and zoning regulations to negotiation-driven, project-specific approaches shaped by the interests of private investors. Historically, Brazil’s planning system has adhered to the normative principles of the City Statute,...

393. Hacking the home: Prefabricated housing and new property regimes in residential property development

Dr Daan Bossuyt (Utrecht University)

08/07/2025, 14:30

Track 15 | PROPERTY MARKET ACTORS

Oral

This paper examines how prefabricated housing units with temporary planning permits are reshaping property relations in urban development. While residential property development has traditionally been characterized by permanent structures and fixed property rights, the emergence of prefabricated housing units operating under temporary permits creates new models of ownership, access, and...

1128. Undermining Planning in the Name of Housing: Portugal’s Shift to Real Estate-Driven Rural Sprawl

Nuno Travasso (CEAU/FAUP)

08/07/2025, 16:00

Track 15 | PROPERTY MARKET ACTORS

Oral

In December 2024, the Portuguese government approved Decree-Law 117/2024, allowing private housing developments on rural land with minimal restrictions and bureaucratic requirements, terminating the need for detailed plans or updates to existing municipal land use plans. The government asserts that this measure seeks to grant developers access to inexpensive land to reduce housing...

1301. Planning and its spatiotemporal traps: rethinking economic value capture and governing capital flows within the United States

Mr Andre Legarza (University of Amsterdam)

08/07/2025, 16:10

Track 15 | PROPERTY MARKET ACTORS

Oral

This paper repositions planners as central actors in multi-scalar capital flow governance, moving beyond planning’s traditional focus on local value capture intervention within the United States. By exploring multi-scalar regulators – from national to local actors – and intra-national dynamics that shape capital flows, the paper highlights the limited spatiotemporal character of contemporary...

467. Taxing away land take? The potential for develoment taxation as a NNLT planning tool

Chris den Heijer (University of Antwerp)

08/07/2025, 16:20

Track 15 | PROPERTY MARKET ACTORS

Oral

The conversion of natural land into urbanized areas, commonly referred to as "land take," presents significant ecological, social, and economic challenges. While (supra)national-level regulatory reforms have received considerable attention as a strategy to curb land take, much less focus has been directed towards the local level. This is surprising, given that the responsibility for achieving...

1625. Planning Transit-Oriented Development in Taipei City through the Assetization of MRT Development Zones

Prof. Cheng-Yi Lin (Department of Social and Regional Develoment, National Taipei University of Education, Taiwan.)

08/07/2025, 16:30

Track 15 | PROPERTY MARKET ACTORS

Oral

The financialization of urban development—particularly through conceptualizing volume as a medium of value production and extraction—has garnered significant attention in urban and regional studies. However, existing research often overlooks the critical role of real estate appraisers in enabling land value capture and the financialization of space. This paper contributes to the volumetric...

1901. Role of property-market intelligence channels in urban governance networks

Prof. Tuna Tasan-Kok (University of Amsterdam)

09/07/2025, 11:00

Track 15 | PROPERTY MARKET ACTORS

Oral

This study offers a novel perspective on how market-intelligence channels shape property markets and influence alliances between public and private actors in urban governance. I argue that property actors, particularly investors, form knowledge coalitions through these channels, not only to navigate markets but also to shape regulatory frameworks in urban development. Adopting a...

587. Emotional work in relation to residential property investments and tenants – experiences from Finland

Dr Johanna Lilius (Aalto)

09/07/2025, 11:10

Track 15 | PROPERTY MARKET ACTORS

Oral

Housing has become marketized and to a variegated extent financialized even within traditional welfare states in Northern Europe. Within the Finnish housing landscape private landlordism is on the rise and state support also emphasizes the changing stance towards market responsibility to provide housing. Private landlords are subsidized both through tax benefits as well as indirectly through...

647. Characterizing the Black developer industry in Detroit: Challenges compared to other developers

Rayman Mohamed

09/07/2025, 11:20

Track 15 | PROPERTY MARKET ACTORS

Oral

Pockets of residential and commercial development have sprouted in Detroit since the bankruptcy of 2013. Some of these are visible and sizeable developments and they have been completed by established, large well-capitalized, White developers. However, there has always been and still is a smaller constituent of Black developers. Not much is known about these Black developers.

The paper aims...

1195. A procedural approach to negotiated developer obligations: The case of Istanbul

Dr Fatma Belgin Gumru (Antalya Muratpasa Municipality)

09/07/2025, 11:30

Track 15 | PROPERTY MARKET ACTORS

Oral

Negotiated developer obligations (NDOs) are a common tool in both discretionary and regulatory planning systems around the world. NDOs have been a popular land value capture method that local authorities with increasingly constrained resources have found useful. They prove to be an interesting tool in the planning profession on the basis that they not only provide parties with a platform to...

937. Social Network Actors in Farmland Market: Comparative Case Study between Japan and Scotland

Dr Yumi Kato Isaka (Ministry of Agriculture, Forestry and Fisheries, Japan)

09/07/2025, 11:40

Track 15 | PROPERTY MARKET ACTORS

Oral

This study explores the interactions between land policy and the social network of farmland markets and inform the design of future land policies in Scotland and Japan where dynamic land pattern changes can be observed (Hashiguchi, 2014; Combe et al., 2020). Specifically, it aims to understand how social networks and government institutions work in the market, based on the theoretical...

1365. The State as an Entrepreneur who Transforming Public Spaces: The Case of Zeytinburnu Fabrika-i Humayun

Semanur Özcan (Yildiz Technical University)

09/07/2025, 16:30

Track 15 | PROPERTY MARKET ACTORS

Oral

After 1980, the fact experienced all over the world and called neoliberalism is based on the reproduction of capital through urban space. In this process, the relations between institutions, economic actors, the nation state, local governments and financial capital have been redefined by moving away from the concept of the welfare state, privatisation, increasing international capital...

447. Financialising Land: China’s Urban-Rural Property Market Dynamics and Government Strategies in Planetary Urbanisation

Ms Yue Liu (School of Natural and Built Environment, Queen’s University Belfast)

09/07/2025, 16:40

Track 15 | PROPERTY MARKET ACTORS

Oral

Land financialisation and real estate investment are vital in shaping China’s rapid urbanisation. While extensive research has focused on urban property speculation and land finance in China, less attention has been paid to how these processes penetrate rural areas and blur urban-rural boundaries under state-driven governance. This study addresses this gap by analysing how China has used the...

1092. What - and who - do design guides regulate in the development of public land? The conflicting logics of Société des Grands Projets’ property development, between rent maximization and exemplary urbanism

Mrs Gülce Telli (Lab’URBA - Université Paris Est Créteil), Pedro Gomes (Lab'URBA - EIVP)

09/07/2025, 16:50

Track 15 | PROPERTY MARKET ACTORS

Oral

The Grand Paris Express (GPE) is an extension of the Parisian underground rail network. For its proponents, it is both a transportation and an urban development project, in support of the restructuring of Parisian peripheries around the future stations. GPE amounts to 200 km of new railways, 68 new stations and an estimated cost of 44 billion Euros. Société des Grands Projets (SGP) is the...

1233. The Effectiveness of Public-Private Sector Collaboration in Regenerating Historic Industrial Brownfield Sites under Different Market Conditions

Mr Alexander Petrov (University of Liverpool)

09/07/2025, 17:00

Track 15 | PROPERTY MARKET ACTORS

Oral

The regeneration of historic industrial brownfield sites represents a critical challenge in urban planning, intersecting issues of market dynamics, heritage conservation, and public-private collaboration. This paper focuses on the role of market buoyancy in shaping public-private sector interactions during regeneration processes, emphasizing its potential influence on decision-making,...