Articles producció científica> Economia

Scenarios post foreclosure crisis in catalonia: Accumulation of housing by banks as the first step for the rise of large private landlords

  • Identification data

    Identifier: imarina:9220638
    Authors:
    Domènech AGutiérrez AArauzo-Carod JM
    Abstract:
    Summary: The article analyses the uneven geography of foreclosed housing owned by large private landlords in Catalonia. A Negative Binomial Model is applied to identify the local determinants of the concentration patterns of 32,941 housing units in Catalan cities. Indicators of socioeconomic vulnerability, such as the percentage of foreign population or the percentage of unemployed residents, are identified as key explanatory factors of the regional geography of housing accumulated by banks which, in turn, correspond to areas in which global corporate landlords are focusing their business for profiteering from the rental market in the current expansionist phase of the housing cycle. Our findings demonstrate that the concentration of properties in the most vulnerable areas was fuelled by foreclosures responsibility of banks rescued with public funds. In tandem, we provide detailed information for the understanding of the new scenarios that have emerged during the post-crisis phase.
  • Others:

    Author, as appears in the article.: Domènech A; Gutiérrez A; Arauzo-Carod JM
    Department: Economia
    URV's Author/s: Arauzo Carod, Josep Maria / Gutiérrez Palomero, Aaron
    Keywords: Housing crisis Foreclosures Evictions Corporate landlords Catalonia spain housing crisis geographies evictions dispossession corporate landlords catalonia
    Abstract: Summary: The article analyses the uneven geography of foreclosed housing owned by large private landlords in Catalonia. A Negative Binomial Model is applied to identify the local determinants of the concentration patterns of 32,941 housing units in Catalan cities. Indicators of socioeconomic vulnerability, such as the percentage of foreign population or the percentage of unemployed residents, are identified as key explanatory factors of the regional geography of housing accumulated by banks which, in turn, correspond to areas in which global corporate landlords are focusing their business for profiteering from the rental market in the current expansionist phase of the housing cycle. Our findings demonstrate that the concentration of properties in the most vulnerable areas was fuelled by foreclosures responsibility of banks rescued with public funds. In tandem, we provide detailed information for the understanding of the new scenarios that have emerged during the post-crisis phase.
    Thematic Areas: Geology Geography, planning and development Geography, physical Geography Geografia i urbanisme Geografía General earth and planetary sciences Ecology Earth and planetary sciences (miscellaneous) Earth and planetary sciences (all) Ciencias sociales Biodiversidade
    licence for use: https://creativecommons.org/licenses/by/3.0/es/
    Author's mail: aaron.gutierrez@urv.cat josepmaria.arauzo@urv.cat
    Author identifier: 0000-0003-0557-6319 0000-0002-3801-223X
    Record's date: 2024-07-27
    Papper version: info:eu-repo/semantics/publishedVersion
    Licence document URL: https://repositori.urv.cat/ca/proteccio-de-dades/
    Papper original source: Erdkunde. 75 (2): 105-120
    APA: Domènech A; Gutiérrez A; Arauzo-Carod JM (2021). Scenarios post foreclosure crisis in catalonia: Accumulation of housing by banks as the first step for the rise of large private landlords. Erdkunde, 75(2), 105-120. DOI: 10.3112/ERDKUNDE.2021.02.03
    Entity: Universitat Rovira i Virgili
    Journal publication year: 2021
    Publication Type: Journal Publications
  • Keywords:

    Earth and Planetary Sciences (Miscellaneous),Ecology,Geography,Geography, Physical,Geography, Planning and Development,Geology
    Housing crisis
    Foreclosures
    Evictions
    Corporate landlords
    Catalonia
    spain
    housing crisis
    geographies
    evictions
    dispossession
    corporate landlords
    catalonia
    Geology
    Geography, planning and development
    Geography, physical
    Geography
    Geografia i urbanisme
    Geografía
    General earth and planetary sciences
    Ecology
    Earth and planetary sciences (miscellaneous)
    Earth and planetary sciences (all)
    Ciencias sociales
    Biodiversidade
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