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Crisis and land dispossession in Greece as part of the global 'land fever'

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  • Costis Hadjimichalis

Abstract

The exploitation of land, but also of natural elements linked to it-such as water, forests, landscape, the subsurface and biodiversity-nowadays comprise investment targets for local and international speculative capital at some unprecedented extent, intensity and geographical spread. From 2009 on, Greece became a target country due to the current crisis which has decisively contributed to the de-valorisation/depreciation of the exchange-value of land, decreasing monetary values by 15-30%-depending on the area-when compared to 2005 prices. The special legal status imposed by the Troika as of 2010, forms a lucrative environment for speculators-investors, dramatically altering the legal, constitutional order and imposing something of a semi-protectorate status upon the country. This short paper explains how the crisis in Greece made public land via privatisations a major target for dispossession by global and local capital.

Suggested Citation

  • Costis Hadjimichalis, 2014. "Crisis and land dispossession in Greece as part of the global 'land fever'," City, Taylor & Francis Journals, vol. 18(4-5), pages 502-508, October.
  • Handle: RePEc:taf:cityxx:v:18:y:2014:i:4-5:p:502-508
    DOI: 10.1080/13604813.2014.939470
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    Cited by:

    1. Triantis, Loukas, 2018. "The post-socialist restitution of property as dispossession: Social dynamics and land development in Southern Albania," Land Use Policy, Elsevier, vol. 71(C), pages 584-592.
    2. Luca Salvati & Margherita Carlucci, 2020. "Shaping Dimensions of Urban Complexity: The Role of Economic Structure and Socio-Demographic Local Contexts," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 147(1), pages 263-285, January.
    3. Vinci, Sabato & Bartolacci, Francesca & Salvia, Rosanna & Salvati, Luca, 2022. "Housing markets, the great crisis, and metropolitan gradients: Insights from Greece, 2000–2014," Socio-Economic Planning Sciences, Elsevier, vol. 80(C).
    4. Apostolos Lagarias, 2023. "Impervious Land Expansion as a Control Parameter for Climate-Resilient Planning on the Mediterranean Coast: Evidence from Greece," Land, MDPI, vol. 12(10), pages 1-25, September.
    5. Athina Arampatzi, 2017. "The spatiality of counter-austerity politics in Athens, Greece: Emergent ‘urban solidarity spaces’," Urban Studies, Urban Studies Journal Limited, vol. 54(9), pages 2155-2171, July.
    6. Ioanna P. Korfiati, 2022. "LANDSCAPES ON HOLD: Opening up Monopoly Rent Gaps on Crete's Cape Sidero," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 46(4), pages 576-593, July.
    7. Konstantinos Gourzis & Stelios Gialis, 2019. "Dismantled Spatial Fixes in the Aftermath of Recession: Capital Switching and Labour Underutilization in the Greek Capital Metropolitan Region," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 43(4), pages 741-759, July.
    8. Saska Petrova & Alexandra Prodromidou, 2019. "Everyday politics of austerity: Infrastructure and vulnerability in times of crisis," Environment and Planning C, , vol. 37(8), pages 1380-1399, December.
    9. Vassilis Arapoglou & Nikos Karadimitriou & Thomas Maloutas & John Sayas, 2021. "Multiple Deprivation in Athens: a legacy of persisting and deepening spatial divisions," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 157, Hellenic Observatory, LSE.
    10. Arapoglou, Vassilis & Karadimitriou, Nikos & Maloutas, Thomas & Sayas, John, 2021. "Multiple deprivation in Athens: a legacy of persisting and deepening spatial divisions," LSE Research Online Documents on Economics 108940, London School of Economics and Political Science, LSE Library.

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