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Who owns France? Uncovering the structure of property ownership for a better understanding of the socio-spatial distribution of wealth
[Qui détient la France ? Révéler la structure de la propriété foncière et immobilière pour mieux comprendre la distribution des inégalités patrimoniales]

Author

Listed:
  • Laure Casanova Enault

    (ESPACE - Étude des Structures, des Processus d’Adaptation et des Changements de l’Espace - UNS - Université Nice Sophia Antipolis (1965 - 2019) - AU - Avignon Université - AMU - Aix Marseille Université - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur)

  • Martin Bocquet

    (Cerema - Centre d'Etudes et d'Expertise sur les Risques, l'Environnement, la Mobilité et l'Aménagement)

  • Guilhem Boulay

    (ESPACE - Étude des Structures, des Processus d’Adaptation et des Changements de l’Espace - UNS - Université Nice Sophia Antipolis (1965 - 2019) - AU - Avignon Université - AMU - Aix Marseille Université - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur)

Abstract

This paper investigates the structure of French property ownership and shows how it is crucial input to understand the socio-spatial distribution of wealth and inequalities in cities. To date only partial information exists on this given that we are in a period of financial opacity. In this paper, we provide a theoretical framework to analyze the structure of property ownership. It is defined by four dimensions: the distribution of properties among different categories of owners, the spatial patterns of the properties held by these categories, their estimated financial value, and their concentration within the categories—the latter not studied here, for legal and confidentiality reasons. Drawing on unpublished cadastral data on property owners and property transaction prices, we carry out an empirical analysis which reveals the dominance of household and public ownership, contrasting with the marginal position of private investors. Despite the fact that the structure of ownership is fairly uniform throughout the urban hierarchy, some groups of owners do however hold strategically located properties. Our results show the embeddedness of the property ownership in different accumulation regimes, and relativize any consideration of financialization or neoliberalism as a global all-encompassing framework when analyzing real estate property.

Suggested Citation

  • Laure Casanova Enault & Martin Bocquet & Guilhem Boulay, 2023. "Who owns France? Uncovering the structure of property ownership for a better understanding of the socio-spatial distribution of wealth [Qui détient la France ? Révéler la structure de la propriété ," Post-Print hal-04187490, HAL.
    • Handle: RePEc:hal:journl:hal-04187490
    DOI: 10.1080/07352166.2023.2235038
    Note: View the original document on HAL open archive server: https://hal.science/hal-04187490
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    References listed on IDEAS

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    1. Dallas Rogers & Sin Yee Koh, 2017. "The globalisation of real estate: the politics and practice of foreign real estate investment," International Journal of Housing Policy, Taylor & Francis Journals, vol. 17(1), pages 1-14, January.
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    4. Dallas Rogers & Sin Yee Koh, 2017. "The globalisation of real estate: the politics and practice of foreign real estate investment," European Journal of Housing Policy, Taylor and Francis Journals, vol. 17(1), pages 1-14, January.
    5. A. Guironnet & K. Attuyer & L. Halbert, 2016. "Building cities on financial assets: The financialisation of property markets and its implications for city governments in the Paris city-region," Post-Print halshs-01258810, HAL.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    Land; housing; inequality;
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