Privatization, Financialization and State Restructuring in Eastern Germany
The case of Am südpark
Bibliographic Data
| ID | 4869652 |
|---|---|
| Authors | Matthias Bernt (0000-0003-2380-8830, Leibniz Institute for Research on Society and Space (IRS) Flakenstrasse 29‐31 15537 Erkner Germany, corresponding author), Laura Colini (Tesserae gbr‐Urban Social Research Grossbeerenstrasse 29 10965 Berlin Germany, corresponding author), Daniel Förste (IfS Institut für Stadtforschung und Strukturpolitik Lützowstrasse 93 10785 Berlin Germany, corresponding author) |
| Year | 2017 |
| Volume | 41 |
| Issue | 4 |
| Pages | 555-571 |
| Publication date | 2017-07-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | International Journal of Urban and Regional Research (JOURNAL) |
| Journal identifiers | ISSN: 0309-1317 • E-ISSN: 1468-2427 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/1468-2427.12521 |
| OpenAlex | W2760659134 |
| Language | EN |
| Citations received | 66 |
| References cited | 47 |
Using a mix of survey data, results from a study on local planning politics and fieldwork, this article discusses the interplay of planning and welfare policies with global financial markets in the 'making' of social segregation in Halle-Neustadt, a borough in the German city of Halle (Saale). Here, different developments come together. First, Halle-Neustadt has experienced two waves of privatization, leading to a complete change of ownership structures, marked by the rise of financial investors. Second, welfare cuts have put increasing pressure on welfare recipients to live in the cheapest housing available. This has led to the emergence of a 'Hartz IV business model' based on low, but state-subsidized, rents. Third, new planning policies have led to a massive drop in house prices, thus facilitating the use of 'leverage' strategies for financial investors. We expand on an already developed debate, providing new insights about relations between planning, state restructuring and financialization in a German context. We demonstrate that a broad array of changes in national regulatory settings, policy change in different sectors and local particularities can all be crucial in enabling financialization. We conclude that research should place greater emphasis on the state in providing explanations and take differences in context more seriously
Business · Economic rent · Economics · Financialization · German · Market economy · Political science · Politics · Restructuring · Welfare state · Housing, Finance, and Neoliberalism · Political and Economic history of UK and US · Urbanization and City Planning · Finance
Financiarización de la vivienda como acumulación territorial en la semiperiferia
The alternative financialization of the German housing market
Declining Opportunities? Perceptions of Housing Market Risk in Shrinking Cities
Shrinking Cities for Economic Growth? Insights From the Housing Sector
Peripheral Estates as Arrival Spaces? Conceptualising Research on Arrival Functions of New Immigrant Destinations
The Political Economy of Housing Financialization in Turkey
The French touch to the financialisation of housing. Institutional investment into the Paris city-region (2008–2021)
Slipping through the gap
The political conditions of the rise of real-estate developers in French housing policies
From right to good, and to asset
Towards ordinary quarters
Swedish public and private housing companies’ access to the capital market for financing energy renovation
The state role in the housing sector in Hamburg and Havana challenges and successes of the state's claim to control in different political and planning systems
Special issue Intro
Housing Financialization and the State, in and Beyond Southern Europe
State-Led Actions Reigniting the Financialization of Housing in Spain
The game of rental housing financialization
Institutional private rental sector and tenure security in Poland
The financialization of rental housing 3.0
Institutional investment in rental housing in the city of social housing
Housing stratification and the politics of tenure
With or without? For or against? Berlin’s housing policy and financial investors
Financial geography II
Between Depression and Hope
The political economy of managing decline and rightsizing
The empire strikes back
From modernism to kitsch
The restless urban landscape of housing financialization
Local Housing Policies and Corporate Social Financial Logics
Renovation without renoviction
Housing financialisation a la Griega
Reasserting state power by remaking markets? The introduction of real estate investment trusts in France and its implications for state-finance relations in the Greater Paris region
A multi-scalar view of urban financialization
Financialization beyond partnerships
Between public interest and the market
Producing gentrifiable neighborhoods
Renovations as an investment strategy
The invisible hand of the shareholding state
Measuring residential satisfaction over time
The financialization of rental housing in China
The financialization of rental housing in Tokyo
Flowing Capital‐Disrupted Homes
The Financialisation of Rental Housing 2.0
Global corporate landlordism and a new cycle of tenant contention
Internal migration industries
The trajectories of Europe’s two largest landlords
Emerging policy responses in shrinking cities
What makes residents prefer housing investment in a highly uncertain market? Perspectives from a survey in shrinking Finnish towns
Entitlement by Registration
The limits of right-sizing
Financializing nursing homes? The uneven development of Health Care Reits in France, the United Kingdom and Japan
How Subordinate Financialization Shapes Urban Development
The Financialization of Housing Production in Brussels
Statecraft strategies and housing financialization at the periphery
Building state centrality through state selective financialization
Transforming Social Housing Into an Asset Class
In Real Estate Investment We Trust
The Financialization of A Social Housing Provider
Managing overaccumulation
The Housing/Financial Complex in Spain
Financialization of Housing in Brazil
Unwilling Subjects of Financialization
The Variegated Financialization of Housing
Re-directing developers
An antitrust framework for housing
From homes to assets
Corporate Financialization
The Financialization of Housing
The Everyday Life of Global Finance
Financialization, economic crises and social protection
The remit of financial geography--before and after the crisis
Locating Financialisation
The financialization of capitalism
Varieties of shrinkage in European cities
Land Financialization as a ‘lived’ process
The de-contextualisation of land use planning through financialisation
Contesting the Financialization of Urban Space
Geographies of money and finance II
Class Meets Land
Governing Homo Subprimicus
The financialisation of rental housing
Sustainability and the Anchoring of Capital
Is There Any Hope for Cultural Studies
Economic Reminiscences
Mortgaged lives’
The Secondary Circuit of Capital Reconsidered
The Limits of Shrinkage
Financializing space, spacing financialization
The Financialization of Urban Redevelopment
Selling City Futures
Creating Liquidity out of Spatial Fixity
New trends in urban development and public policy in eastern Germany
Forging Glocal Governance? Urban Infrastructures as Networked Financial Products
The Financialization of A Social Housing Provider
Late Neoliberalism
When Local Housing Becomes an Electronic Instrument
Unwilling Subjects of Financialization
Shrinking Cities
The Sustainability of a Financialized Urban Megaproject
The Variegated Financialization of Housing
The financialization of the American economy
Partnerships for Demolition
Speculating on Careless Lives
| Unique citing works | 66 |
|---|---|
| Citations per year | 7,33 |
| Citation span | 2017 - 2026 (10) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 64 |