Housing Developers in Financial Times
For a newly built inner-city quarter in Berlin I examine how building attributes, actor constellations and business strategies have changed in favor of the return expectations of financial investors. The case reveals how coinciding with rising residential prices, real estate developers arrange with financialized actors in order to implement high profitable projects. The case reveals how coinciding with rising residential prices, real estate developers use deregulated planning principles and market oriented housing policies to create high profitable investments, and arrange with financialized actors in order to implement their projects. The increasing use of alternative investment vehicles for the financing of housing production indicates the existence of financialization processes in property development.
Using empirical evidence based on planning analysis and corporate research, the presentation contributes to the integration of property development issues in the academic debate on the finacialization of housing. Furthermore it claims to consider the consequences of financialization processes by policies that stimulate private housing construction.