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The Spanish mortgage crisis: Evidence of the concentration of foreclosures in the most deprived neighbourhoods

  • Identification data

    Identifier: imarina:5130737
    Authors:
    Gutierrez, AaronDomenech, Antoni
    Abstract:
    The Spanish mortgage crisis has resulted in a massive process of home dispossession through foreclosures. This process forms part of the logics of accumulation by dispossession supported by the Spanish financial and real estate model. The article uses the city of Lleida as case study to show that the effects of this phenomenon has tended not to be spatially homogenous, but rather to be more concentrated in the most deprived urban areas. The analysis has been focused on two approaches: (1) identifying the characteristics of housing affected by foreclosure processes that have resulted in evictions, and; (2) defining the spatial distribution patterns of this housing. This work demonstrates how evictions due to mortgage foreclosures have followed very clear patterns. Firstly, they have predominantly been focused on lower quality housing (identified in this study as the cheapest and smallest properties). Secondly, Getis-Ord Gi* spatial statistic has been used to show that they have been concentrated in the most deprived areas of the city. Both issues confirm the central hypothesis of our study: the Spanish mortgage crisis has exacerbated existing urban disparities.
  • Others:

    Author, as appears in the article.: Gutierrez, Aaron; Domenech, Antoni;
    Department: Geografia
    URV's Author/s: Gutiérrez Palomero, Aaron
    Keywords: Mortgage crisis Housing Foreclosures Evictions Deprived neighbourhoods
    Abstract: The Spanish mortgage crisis has resulted in a massive process of home dispossession through foreclosures. This process forms part of the logics of accumulation by dispossession supported by the Spanish financial and real estate model. The article uses the city of Lleida as case study to show that the effects of this phenomenon has tended not to be spatially homogenous, but rather to be more concentrated in the most deprived urban areas. The analysis has been focused on two approaches: (1) identifying the characteristics of housing affected by foreclosure processes that have resulted in evictions, and; (2) defining the spatial distribution patterns of this housing. This work demonstrates how evictions due to mortgage foreclosures have followed very clear patterns. Firstly, they have predominantly been focused on lower quality housing (identified in this study as the cheapest and smallest properties). Secondly, Getis-Ord Gi* spatial statistic has been used to show that they have been concentrated in the most deprived areas of the city. Both issues confirm the central hypothesis of our study: the Spanish mortgage crisis has exacerbated existing urban disparities.
    Research group: GRATET. Anàlisi Territorial i Estudis Turístics
    Thematic Areas: Social sciences (miscellaneous) Social sciences (all) Historia Geosciences, multidisciplinary Geography, physical Geography Geografia i urbanisme Geografía Geociências General energy General earth and planetary sciences Energy (miscellaneous) Ecology Earth and planetary sciences (miscellaneous) Earth and planetary sciences (all) Ciencias sociales Atmospheric science
    licence for use: https://creativecommons.org/licenses/by/3.0/es/
    ISSN: 00139998
    Author's mail: aaron.gutierrez@urv.cat
    Author identifier: 0000-0003-0557-6319
    Record's date: 2024-09-07
    Papper version: info:eu-repo/semantics/publishedVersion
    Link to the original source: https://www.die-erde.org/index.php/die-erde/article/view/295
    Licence document URL: https://repositori.urv.cat/ca/proteccio-de-dades/
    Papper original source: Erde. 148 (1): 39-57
    APA: Gutierrez, Aaron; Domenech, Antoni; (2017). The Spanish mortgage crisis: Evidence of the concentration of foreclosures in the most deprived neighbourhoods. Erde, 148(1), 39-57. DOI: 10.12854/erde-148-29
    Article's DOI: 10.12854/erde-148-29
    Entity: Universitat Rovira i Virgili
    Journal publication year: 2017
    Publication Type: Journal Publications
  • Keywords:

    Atmospheric Science,Earth and Planetary Sciences (Miscellaneous),Ecology,Energy (Miscellaneous),Geography,Geography, Physical,Geosciences, Multidisciplinary,Social Sciences (Miscellaneous)
    Mortgage crisis
    Housing
    Foreclosures
    Evictions
    Deprived neighbourhoods
    Social sciences (miscellaneous)
    Social sciences (all)
    Historia
    Geosciences, multidisciplinary
    Geography, physical
    Geography
    Geografia i urbanisme
    Geografía
    Geociências
    General energy
    General earth and planetary sciences
    Energy (miscellaneous)
    Ecology
    Earth and planetary sciences (miscellaneous)
    Earth and planetary sciences (all)
    Ciencias sociales
    Atmospheric science
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