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Globalisation, Institutional Structures and Real Estate Markets in Central European Cities

Author

Listed:
  • Ramin Keivani

    (Centre for Surveying and Property Studies, Faculty of the Built Environment, South Bank University, Moatazr@sbu.ac.uk)

  • Ali Parsa

    (Centre for Surveying and Property Studies, Faculty of the Built Environment, South Bank University, 202 Wandsworth Road, London, SW8 2JZ, Parsaaa@sub.ac.uk)

  • Stanley McGreal

    (Centre for Research on Property and Planning, School of the Built Environment, University of Ulster, Newtownabbey, Co. Antrim, BT37 OQB, Northern Ireland, ws.mcgreal@ulst.ac.uk)

Abstract

This paper examines the urban development process in post-socialist cities of Budapest, Prague and Warsaw in the context of economic globalisation and societal transformation. Several factors have helped to shape the post-socialist cities of central Europe since the end of the 1980s. These include political transformation, economic change, restitution, privatisation, price liberalisation and decentralisation of local government. It is argued that local government administrative and planning structures have been ill prepared in meeting the requirements of international investment capital in a co-ordinated and effective manner. Institutional constraints has promoted an organic form of urban development primarily determined through the international demand for, and supply of, commercial and retail space.

Suggested Citation

  • Ramin Keivani & Ali Parsa & Stanley McGreal, 2001. "Globalisation, Institutional Structures and Real Estate Markets in Central European Cities," Urban Studies, Urban Studies Journal Limited, vol. 38(13), pages 2457-2476, December.
    • Handle: RePEc:sae:urbstu:v:38:y:2001:i:13:p:2457-2476
    DOI: 10.1080/00420980120094614
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    References listed on IDEAS

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    Cited by:

    1. Metaxas, Theodore, 2009. "Marketing European cities in the new internationalized environment: The course of Prague after 1989," MPRA Paper 48353, University Library of Munich, Germany.
    2. Hyung Min Kim, 2017. "Ethnic connections, foreign housing investment and locality: a case study of Seoul," European Journal of Housing Policy, Taylor and Francis Journals, vol. 17(1), pages 120-144, January.
    3. KubešCDFMR Jan, 2013. "European post-socialist cities and their near hinterland in intra-urban geography literature," Bulletin of Geography. Socio-economic Series, Sciendo, vol. 19(19), pages 19-43, June.
    4. Tarnawska Katarzyna & Rosiek Janusz, 2015. "The Jessica Initiative: An Instrument for Urban Sustainable Development. Examples of Urban Regeneration in Silesia (Poland) and Central Moravia (Czech Republic) / Inicjatywa Jessica Jako Instrument Ws," Comparative Economic Research, Sciendo, vol. 18(2), pages 119-138, June.

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