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The real estate markets: Players, institutions and territories

Author

Listed:
  • Thierry Theurillat

    (Université de Neuchâtel, Switzerland)

  • Patrick Rérat

    (Université de Lausanne, Switzerland)

  • Olivier Crevoisier

    (Université de Neuchâtel, Switzerland)

Abstract

Revealing the parties, the processes and the institutions and, consequently, both the diversity and contingency of the real estate markets, the existing increasing literature emphasises the contemporary numerous links and interdependencies between real estate, land value, planning and town planning policy and even the financial system. This paper is an attempt to understand all the real estate markets, from the most peripheral ones, where the urban rent is the lowest, to the most dense city centres. To gain a better understanding of the real estate market, 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 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.

Suggested Citation

  • Thierry Theurillat & Patrick Rérat & Olivier Crevoisier, 2015. "The real estate markets: Players, institutions and territories," Urban Studies, Urban Studies Journal Limited, vol. 52(8), pages 1414-1433, June.
    • Handle: RePEc:sae:urbstu:v:52:y:2015:i:8:p:1414-1433
    DOI: 10.1177/0042098014536238
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    References listed on IDEAS

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    Cited by:

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    3. Debrunner, Gabriela & Kaufmann, David, 2023. "Land valuation in densifying cities: The negotiation process between institutional landowners and municipal planning authorities," Land Use Policy, Elsevier, vol. 132(C).
    4. Natacha Aveline-Dubach, 2020. "The Financialization of Rental Housing in Tokyo [La financiarisation des logements locatif à Tokyo]," Post-Print halshs-02440007, HAL.
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    6. Kauko Tom, 2019. "Institutions at the Interface of Urban Planning and Real Estate," Real Estate Management and Valuation, Sciendo, vol. 27(3), pages 17-30, September.

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