IDEAS home Printed from https://ideas.repec.org/a/bla/ijurrs/v46y2022i4p576-593.html
   My bibliography  Save this article

LANDSCAPES ON HOLD: Opening up Monopoly Rent Gaps on Crete's Cape Sidero

Author

Listed:
  • Ioanna P. Korfiati

Abstract

To explain the continuous hold of a single touristic real estate investor over the greater part of Crete's easternmost peninsula, Cape Sidero, for a period of over thirty years, this article examines the production of rent gaps on ‘exceptional’ rural land through increasing potential rent rather than a falling capitalized rent. I examine Neil Smith's ‘alternative’ rent gap hypothesis as it applies to two main factors: the production of and sustained control over land of monopolistic quality, which has no fixed value and is resistant to depreciation; and the dramatic neoliberal reworking of land markets through institutional and legislative changes, which produce legally ‘exceptional’ spaces. I employ the conceptual lens of the rent gap to examine how opening up a rent gap on ‘exceptional land’ based solely on the promise of (re)development can be a sufficient driver of land dispossession. Simply sustaining this promise can perpetuate land with monopolistic quality as a site of rent‐generating possibility, and while this process might never lead to (re)development, it can result in the submersion of the landscape into a captive, limbo state, stealing its future.

Suggested Citation

  • Ioanna P. Korfiati, 2022. "LANDSCAPES ON HOLD: Opening up Monopoly Rent Gaps on Crete's Cape Sidero," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 46(4), pages 576-593, July.
  • Handle: RePEc:bla:ijurrs:v:46:y:2022:i:4:p:576-593
    DOI: 10.1111/1468-2427.13100
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1468-2427.13100
    Download Restriction: no

    File URL: https://libkey.io/10.1111/1468-2427.13100?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Ananya Roy, 2011. "Slumdog Cities: Rethinking Subaltern Urbanism," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 35(2), pages 223-238, March.
    2. Rob Kitchin & Cian O'Callaghan & Justin Gleeson, 2014. "The New Ruins of Ireland? Unfinished Estates in the Post-Celtic Tiger Era," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 38(3), pages 1069-1080, May.
    3. Ernesto Lopez‐Morales, 2011. "Gentrification by Ground Rent Dispossession: The Shadows Cast by Large‐Scale Urban Renewal in Santiago de Chile," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 35(2), pages 330-357, March.
    4. Greig Charnock & Thomas F. Purcell & Ramon Ribera-Fumaz, 2014. "City of Rents: The limits to the Barcelona model of urban competitiveness," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 38(1), pages 198-217, January.
    5. Costis Hadjimichalis, 2014. "Crisis and land dispossession in Greece as part of the global 'land fever'," City, Taylor & Francis Journals, vol. 18(4-5), pages 502-508, October.
    6. Marx, Karl, 1867. "Capital: A Critique of Political Economy (I): The Process of Capitalist Production," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, volume 1, number marx1867.
    7. Joanna Kusiak, 2019. "Legal Technologies of Primitive Accumulation: Judicial Robbery and Dispossession‐by‐Restitution in Warsaw," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 43(4), pages 649-665, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zheng, Xian & Xie, Xiaorong & Zheng, Linzi, 2023. "Land market concentration, developers’ pricing decisions, and class monopoly rent in urban China," Land Use Policy, Elsevier, vol. 132(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Monika Streule & Ozan Karaman & Lindsay Sawyer & Christian Schmid, 2020. "Popular Urbanization: Conceptualizing Urbanization Processes Beyond Informality," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 44(4), pages 652-672, July.
    2. Azunre, Gideon Abagna & Amponsah, Owusu & Takyi, Stephen Appiah & Mensah, Henry & Braimah, Imoro, 2022. "Urban informalities in sub-Saharan Africa (SSA): A solution for or barrier against sustainable city development," World Development, Elsevier, vol. 152(C).
    3. Seth Schindler, 2014. "Understanding Urban Processes in Flint, Michigan: Approaching ‘Subaltern Urbanism’ Inductively," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 38(3), pages 791-804, May.
    4. Helena Cermeño, 2021. "Living and Planning on the Edge: Unravelling Conflict and Claim-Making in Peri-Urban Lahore, Pakistan," Urban Planning, Cogitatio Press, vol. 6(2), pages 189-201.
    5. Wei Wang & Yuzhe Wu, 2020. "Exploring the Coordination Mechanism for Public Housing Supply with Urban Growth Management: A Case Study of Chongqing, China," Sustainability, MDPI, vol. 12(10), pages 1-16, May.
    6. Jhorland Ayala García, 2015. "Movilidad social en el Pacífico colombiano," Documentos de Trabajo Sobre Economía Regional y Urbana 13872, Banco de la República, Economía Regional.
    7. Malini Ranganathan, 2014. "Paying for Pipes, Claiming Citizenship: Political Agency and Water Reforms at the Urban Periphery," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 38(2), pages 590-608, March.
    8. Hyun Bang Shin & Soo-Hyun Kim, 2016. "The developmental state, speculative urbanisation and the politics of displacement in gentrifying Seoul," Urban Studies, Urban Studies Journal Limited, vol. 53(3), pages 540-559, February.
    9. Almeida, Renan P. & Hungaro, Lucas, 2021. "Water and sanitation governance between austerity and financialization," Utilities Policy, Elsevier, vol. 71(C).
    10. Antoine Guironnet, 2019. "Cities on the global real estate marketplace: urban development policy and the circulation of financial standards in two French localities," Post-Print halshs-02297204, HAL.
    11. Cristiano Antonelli, 2011. "The Economic Complexity of Technological Change: Knowledge Interaction and Path Dependence," Chapters, in: Cristiano Antonelli (ed.), Handbook on the Economic Complexity of Technological Change, chapter 1, Edward Elgar Publishing.
    12. Triantis, Loukas, 2018. "The post-socialist restitution of property as dispossession: Social dynamics and land development in Southern Albania," Land Use Policy, Elsevier, vol. 71(C), pages 584-592.
    13. Lin, Wanlin & Lin, George C.S., 2023. "Strategizing actors and agents in the functioning of informal property Rights: The tragicomedy of the extralegal housing market in China," World Development, Elsevier, vol. 161(C).
    14. Ugo Rossi & Arturo Di Bella, 2017. "Start-up urbanism: New York, Rio de Janeiro and the global urbanization of technology-based economies," Environment and Planning A, , vol. 49(5), pages 999-1018, May.
    15. Christine Hentschel, 2015. "Postcolonializing Berlin and The Fabrication of The Urban," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 39(1), pages 79-91, January.
    16. Genet Alem, 2021. "Urban Plans and Conflicting Interests in Sustainable Cross-Boundary Land Governance, the Case of National Urban and Regional Plans in Ethiopia," Sustainability, MDPI, vol. 13(6), pages 1-23, March.
    17. Egorov, Aleksei V. (Егоров, Алексей В.) & Borzykh, Olga A. (Борзых, Ольга А.), 2018. "Asymmetric Interest Rate Pass-Through in Russia [Асимметрия Процентного Канала Денежной Трансмиссии В России]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 1, pages 92-121, February.
    18. Colin Marx & Emily Kelling, 2019. "Knowing urban informalities," Urban Studies, Urban Studies Journal Limited, vol. 56(3), pages 494-509, February.
    19. Anguelovski, Isabelle & Martínez Alier, Joan, 2014. "The ‘Environmentalism of the Poor’ revisited: Territory and place in disconnected glocal struggles," Ecological Economics, Elsevier, vol. 102(C), pages 167-176.
    20. Lalitha Kamath & Anushri Tiwari, 2022. "Ambivalent Governance And Slow Violence In Mumbai'S Mithi River," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 46(4), pages 674-686, July.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ijurrs:v:46:y:2022:i:4:p:576-593. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0309-1317 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.