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 Gรผlรถksรผz (Istanbul Technical University)
T_15 PROPERTY MARKET ACTORS: Relational Dynamics among Property Market Actors
- Elvan Gรผlรถksรผz (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)
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...
Over the past two decades, the concept of โfinancializationโ 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),...
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...
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...
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...
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 Canadaโs profile as a โsuburban nationโ (Gordon & Janzen, 2013), which is particularly true in โmid-sizedโ Canadian cities...
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, Brazilโs planning system has adhered to the normative principles of the City Statute,...
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...
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...
This paper repositions planners as central actors in multi-scalar capital flow governance, moving beyond planningโs traditional focus on local value capture intervention within the United States. By exploring multi-scalar regulators โ from national to local actors โ and intra-national dynamics that shape capital flows, the paper highlights the limited spatiotemporal character of contemporary...
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...
The financialization of urban developmentโparticularly through conceptualizing volume as a medium of value production and extractionโhas 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...
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...
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...
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...
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...
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...
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...
Land financialisation and real estate investment are vital in shaping Chinaโs 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...
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. Sociรฉtรฉ des Grands Projets (SGP) is the...
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,...
Flanders is considered as a highly sprawled region, consisting of a fragmented and mostly privately owned land market. A diverse and large amount of small to medium scale, often locally oriented private developers dominate the housing market. Research has claimed that relative to e.g. the Netherlands, the Flandersโ housing market can be considered as โnon-financializedโ, with an abundance of...
Spatial policies are increasingly concerned with both expanding the supply of residential units due to growing housing shortages in addition to preventing urban sprawl by limiting the use of undeveloped land. Urban densification offers a solution here by repurposing and revitalising underused land and property in urban areas through a sustainable intensification. While there has been much...
The contemporary debate on urban policy governance places increasing emphasis on the ability of public authorities to balance market pressures with environmental and social goals, such as land value capture mechanisms, urban regeneration, green urbanism, and collaborative land governance models. However, conventional planning tools frequently prove inadequate when confronted with challenges...
This article links cross-border residential mobility and housing inequalities by analysing the centreโperiphery relationship between Luxembourg and its border regions, identifying a potential research gap at the intersection of border studies and housing studies. It addresses the effects of gentrification and advantageous fiscal policies in Luxembourg on the housing market in the French border...
In many cities of the global north, the first decades of the 21st century were characterized by a significant population and employment growth. In combination with neoliberal urban policies this growth resulted in an increasing competition for urban land and an increasing displacement pressure on urban functions with lower profit margins. Residential displacement processes such as...
Suburban densification represents a particular type of densification for transforming areas between the inner-core and rural periphery. It consists of many different types of small-scale development activity, including infill construction on empty/redundant/repurposed plots, conversion of former commercial premises and subdivision of dwellings. While densification efforts in general have...
The commodification of housing and urban land has taken an increasingly serious turn, in a challenge to modern urban development. Financialization of property markets, driven by speculative investments, has driven-up prices, outbidding middle- and low-income groups from market opportunities, intensifying socio-spatial inequalities. The same condition applies in various parts of the world, such...
Amid globalization and industrial transformation, large cities have attracted substantial population inflows and industrial resources, resulting in industrial decline and population loss in small cities, thereby contracting their land markets. This trend is especially evident in China, where many small cities, following a phase of rapid urbanization, have experienced pronounced shrinkage due...
