Is urban housing becoming a commodity? Reflections on housing financialisation in EU cities

SJOERDJE VAN HEERDEN, RICARDO BARRANCO, CARLO LAVALLE
2020 Regions Magazine  
There are indications that over the past years investors have been increasingly active on urban housing markets, using housing as a vehicle for wealth and investment, rather than considering it a social good. An increasingly dominant role for investors, financial agents and financial instruments on the housing market, is also known as the financialisation of housing. Assumingly, housing financialisation has negative consequences for housing affordability, driving up prices, and decreasing the
more » ... nd decreasing the affordable housing stock especially for lower and middle classes. To get a better understanding of housing financialisation and its relationship to housing affordability, the Joint Research Centre (JRC), the European Commission's science and knowledge service, conducted an exploratory study on the topic (Van Heerden, Barranco, and Lavalle, 2020).
doi:10.1080/13673882.2020.00001075 fatcat:ujcnbqu5nvcbnccxhyjlb2itg4