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Bild - Anders Lund Hansen

Anders Lund Hansen

Senior lecturer

Bild - Anders Lund Hansen

Financialisation of Built Environments: A Literature Review

Author

  • Eric Clark
  • Henrik Gutzon Larsen
  • Anders Lund Hansen

Summary, in English

This paper provides a review of research into financialisation of built environments, especially in relation to urban politics, social geographies and sustainability. Focus is limited here to the theoretical and conceptual substance of selected literature. Financialisation is conceptualised as a profoundly spatial process, forging social relations that form conditions for urban governance, social geographic change and urban sustainability. The paper frames financialisation of built environments as a process enmeshed with related processes of commodification, privatisation, neoliberalisation, and accumulation by dispossession, associated with the creation and appropriation of rent gaps. Land rent and rent gaps are highlighted as central to understanding financialisation of built environments. We then review research into relations between financialisation of built environments and urban governance, i.e. how financialisation impacts upon, while being facilitated or deterred by, urban politics. This sets the stage for reviewing research into relations between financialisation of built environments and observed patterns of change in the social geographies of cities, and research into the sustainability implications of financialisation of built environments. Conclusions reconsider the nature of the relationship between financialisation and urbanisation, and the challenges of bringing financial systems into the service of achieving social and natural sustainability.

Department/s

  • LUCSUS (Lund University Centre for Sustainability Studies)
  • Department of Human Geography

Publishing year

2015-09-01

Language

English

Publication/Series

FESSUD Working Paper Series

Volume

114

Document type

Working paper

Publisher

FESSUD

Topic

  • Human Geography

Keywords

  • financialisation
  • built environment
  • urban governance
  • land rent
  • sustainability

Status

Published

Project

  • 7th Framework Program, Financialisation, economy, society and sustainable development

ISBN/ISSN/Other

  • ISSN: 2052-8035