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Globalisierung der Wohnungswirtschaft

Author

Listed:
  • Hesse Markus

    (Luxembourg)

  • Preckwinkel Wiebke

    (Kiel)

Abstract

Globalization of the housing industry. Potential for conflicts between tenants and international investors as a result of the privatization of municipal housing estates in Berlin, Germany. Since the year 2000 global investors have purchased a large amount of public housing estates in Germany. As a result of such privatization major conflicts have emerged between residents (mostly tenants) and the new owners. The paper aims at reconstructing the political dynamics that are associated with the new, de-territorialized logic of added-value that is overarching the globalized housing market. As a consequence, housing real estate turns out to become mobilized, thus triggering new fields of conflict at the local level. Political regulation only had a limited impact on such conflicts, since - among other reasons - in the event of the case study the local state is congruent with the former owner who was under fiscal pressure to sell the estates, at the best possible conditions regarded from the potential investor’s perspective.

Suggested Citation

  • Hesse Markus & Preckwinkel Wiebke, 2009. "Globalisierung der Wohnungswirtschaft," ZFW – Advances in Economic Geography, De Gruyter, vol. 53(1-2), pages 156-171, October.
    • Handle: RePEc:bpj:zfwige:v:53:y:2009:i:1-2:p:156-171:n:11
    DOI: 10.1515/zfw.2009.0011
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