Housing supply, investment demand and money creation

A comment on the drivers of London’s housing crisis

Dados Bibliográficos

ID11604459
AutoresNick Gallent (0000-0002-6238-7875, University College London, UK), Dan Durrant (University College London, UK, autor correspondente), Neil May (University College London, UK)
Ano2017
Volume54
Fascículo10
Páginas2204-2216
Data de publicação2017-05-09
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoUrban Studies (JOURNAL)
Identificadores do periódicoISSN: 0042-0980 • E-ISSN: 1360-063X
EditoraSAGE Publishing (PUBLISHER • US)
DOI10.1177/0042098017705828
OpenAlexW2612761929
IdiomaEN
Citações recebidas38
Referências citadas21

This commentary examines the current emphasis on supply-side solutions to the housing crisis in England – building more homes to increase accessibility – against a backdrop of intensifying demand-side pressures, the financialisation of housing, and the impact of credit liberalisation and money creation on housing demand and prices. It reflects on the need to balance additional housing supply, where needed, with gradual ‘demand management’ responses that at last acknowledge the centrality of spatially unbounded investment demand and the flow of money created by deregulated banks into housing as fundamental to the current crisis of housing affordability and access

Balance (ability · Business · Economics · Investment (military · Labour economics · Liberalization · Macroeconomics · Market economy · Supply and demand · Financial Literacy, Pension, Retirement Analysis · Housing Market and Economics · Housing, Finance, and Neoliberalism