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The roles of the state in the financialisation of housing in Turkey.
- Source :
-
Housing Studies . Jul2023, Vol. 38 Issue 6, p1006-1026. 21p. 3 Charts, 4 Graphs. - Publication Year :
- 2023
-
Abstract
- What is the relationship between the state and housing financialisation? Much of the literature describes the state playing a role to promote the regulatory, legislative, and financial conditions needed to allow global financial capital to penetrate land and property markets. I build on these arguments to develop in what ways the state is playing an active role in housing financialisation in Turkey. I suggest that the Turkish national state has deliberately, actively, and forcefully pursued housing financialisation by (i) introducing new legislation; (ii) creating financial frameworks to encourage speculation by domestic and international capital on land and housing as assets (iii) enclosing public land and exploiting informal types of tenure; (iv) assetising land and housing by developing revenue-sharing urban regeneration projects; and (v) using coercive legal and penal force to criminalise informal development, and to quell resistance to state-led regeneration. My conclusions add weight to Christophers' contention that the role of the state needs to be reconceptualised to capture its direct involvement in housing financialisation. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 02673037
- Volume :
- 38
- Issue :
- 6
- Database :
- Academic Search Index
- Journal :
- Housing Studies
- Publication Type :
- Academic Journal
- Accession number :
- 164224704
- Full Text :
- https://doi.org/10.1080/02673037.2021.1928003