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Real estate markets: Actors, institutions, and territories

Par : Contributeur(s) : Type de matériel : TexteTexteLangue : français Détails de publication : 2014. Sujet(s) : Ressources en ligne : Abrégé : By revealing the parties, the processes, and the institutions—and, consequently, both the diversity and contingency of real estate markets—, the existing increasing literature emphasizes the numerous contemporary links and interdependencies between real estate, land value, planning and town planning policy, and even the financial system. This paper attempts to understand all the different real estate markets, from the most peripheral ones, where the urban rent is the lowest, to those of the densest city centers. To gain a better understanding of these real estate markets, a process of firstly deconstruction and then reconstruction is used. The process of deconstruction involves identifying various market trends according to property type (principally residential buildings), players and institutions, territorial situations, and temporalities, based on research conducted in Switzerland. We then developed a meta-synthesis inspired by Fernand Braudel (1985), whose works put as much emphasis on day-to-day economic activity as on long-term activity, and on local as well as global issues.
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By revealing the parties, the processes, and the institutions—and, consequently, both the diversity and contingency of real estate markets—, the existing increasing literature emphasizes the numerous contemporary links and interdependencies between real estate, land value, planning and town planning policy, and even the financial system. This paper attempts to understand all the different real estate markets, from the most peripheral ones, where the urban rent is the lowest, to those of the densest city centers. To gain a better understanding of these real estate markets, a process of firstly deconstruction and then reconstruction is used. The process of deconstruction involves identifying various market trends according to property type (principally residential buildings), players and institutions, territorial situations, and temporalities, based on research conducted in Switzerland. We then developed a meta-synthesis inspired by Fernand Braudel (1985), whose works put as much emphasis on day-to-day economic activity as on long-term activity, and on local as well as global issues.

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