Neoliberalism and neo-dirigisme in action: The state–corporate alliance and the great housing rush of the 2000s in Istanbul, Turkey

Urban Studies ◽  
2021 ◽  
pp. 004209802110126
Author(s):  
Sinan Tankut Gülhan
Keyword(s):  
Real Estate ◽  
Built Environment ◽  
Public Relations ◽  
Capital Accumulation ◽  
The State ◽  
Development Projects ◽  
The Real Estate ◽  
Urban Political Economy ◽  
Novel Approach ◽  
Real Estate Developers

This paper foregrounds the state–corporate alliance in real estate development in Istanbul since the early 2000s. Employing a geo-coded sample of 294 private housing development projects built since the early 1980s and in-depth interviews with the private development companies, the paper focuses on how the construction industry and the massive commodification of urban land produced a new state–space nexus. The underlying question here is the nascent shape of urban political-economy, the trends of housing construction, the cycles of boom and bust and the mechanisms of capital accumulation concerning the state’s centralising control over space. In this sample, a few critical aspects of the production of concrete space became apparent. Seven findings are discussed. First, the developers of Istanbul followed the clientelistic patterns in the urban built environment. The second aspect is that the state is the sole supply-side actor that determines Istanbul’s built environment. The third point in this analysis of urban development initiated by the private sector is focused on the fact that the real estate speculation is state-led. The fourth and fifth points are related to the Turkish real estate developers’ inability to procure financing for the duration of the construction process. The sixth factor in the evaluation of the private real estate sector in Istanbul is the geographical and class dispersal of active development projects. The seventh factor in understanding those real estate developers is their novel approach to marketing and advertisement and the way they employ architecture as an extension of public relations.

Social Policy and the Dynamics of Neoliberalism: The My House, My Life Program and the Commodified Mediation of Housing

2019 ◽  
Vol 47 (2) ◽  
pp. 131-146
Author(s):  
Cristhiane Falchetti
Keyword(s):  
Social Policy ◽  
Real Estate ◽  
Capital Accumulation ◽  
The State ◽  
Public Funds ◽  
The Real ◽  
The Real Estate ◽  
Minimal State ◽  
Real Estate Sector ◽  
Political Cycle

A study of social policy under the governments of the Partido dos Trabalhadores (Workers’ Party—PT) focused on the My House, My Life program shows that the recent political cycle associated with Lulism was not an inflection of neoliberalism but an adaptation of it to the context. The program is an instance of the commodification of housing in that it mobilizes public funds as an instrument of capital accumulation and intensifies the financialization of the real estate sector. Contrary to the view that associates neoliberalism with the minimal state, the state here plays a key role in the neoliberalization process, whose meaning is the commodification of all life. Um estudo de política social sob os governos do Partido dos Trabalhadores (PT), focado no programa Minha Casa, Minha Vida, mostra que o recente ciclo político associado ao Lulismo não foi uma inflexão do neoliberalismo, mas uma adaptação dele ao contexto. O programa é um exemplo da mercantilização da habitação, na medida em que mobiliza recursos públicos como instrumento de acumulação de capital e intensifica a financeirização do setor imobiliário. Ao contrário da visão que associa o neoliberalismo ao estado mínimo, o estado aqui desempenha um papel fundamental no processo de neoliberalização, cujo significado é a mercantilização de toda a vida.

A renda fundiária urbana: uma categoria de análise ainda válida

GEOgraphia ◽  
2010 ◽  
Vol 10 (19) ◽  
pp. 24
Author(s):  
Adriano Botelho
Keyword(s):  
Real Estate ◽  
Urban Space ◽  
Capital Accumulation ◽  
Urban Land ◽  
Sao Paulo ◽  
Spatial Segregation ◽  
São Paulo ◽  
Land Rent ◽  
Investment Funds ◽  
The Real Estate

Resumo: Renda fundiária urbana é uma categoria pouco explorada pela maioria dos estudos mais recentes sobre o urbano. Porém, essa categoria oferece uma possibilidade de abordagem do urbano que permite a análise de fenômenos importantes, como a hierarquização dos usos do solo, o papel do setor imobiliário para a acumulação do capital e para a reprodução das relações de produção capitalistas, além de ser importante para o entendimento do processo de segregação sócio-espacial e fragmentação do espaço no urbano. Assim, levando-se em consideração os estudos passados e as dificuldades que ainda hoje permanecem, a questão da renda fundiária é retomada no presente artigo. Como forma de viabilização da análise da questão da renda fundiária urbana foi realizado um estudo de caso sobre uma modalidade de intervenção no urbano por parte do setor imobiliário em aliança com o mercado financeiro no município de São Paulo: os Fundos de Investimento Imobiliário e a Securitização de Recebíveis Imobiliários.  THE URBAN LAND RENT: A CATEGORY OF ANALYSIS STILL VALID Abstract: Urban land rent is a category little explored by most recent urban studies. However, this category offers a possible approach for urban space that allows the analysis of relevant phenomena, like hierarchy in land use, the role of the real estate industry for capital accumulation and for reproduction of relationships in capitalist production, besides its importance in understanding the socio-spatial segregation and fragmentation process. In this sense, taking into account earlier studies and difficulties that still remain, this article aims to analyse the problem of land rent. To make this analysis possible, we present a case study about a kind of urban intervention by real estate agents in association with the finance market in the city of São Paulo: Real Estate Investment Funds and Real Estate Bonus. Keywords: Urban Land Rent, Fragmentation, Socio-Spatial Segregation, Urban, Real Estate Financing, Reproduction of Capital.

Research on the Design of Community Landscape Planning under Eco-House Perspective

2014 ◽  
Vol 716-717 ◽  
pp. 541-544
Author(s):  
Xu Dan Zhou ◽  
Chun Li Zhao ◽  
Yue Qi ◽  
Hao Qi ◽  
Da Wei Jiang
Keyword(s):  
Real Estate ◽  
Landscape Planning ◽  
Rapid Development ◽  
Landscape Design ◽  
Living Environment ◽  
Success Factor ◽  
The Real Estate ◽  
Planning And Design ◽  
Residential Quarter ◽  
Real Estate Developers

With the advent of the knowledge economy and the rapid development of information technology era, people's demand for the living environment has been far more than mere material comfort. In this paper, good landscape design for residential quarter not only provides appropriate living conditions for dweller, satisfies people's yearning for home, improves the quality of urban environment, but also is the main prerequisites which measure the green quality and management of the community. Landscape planning and design of residential environment exists failed plant landscape design, weak user-friendly design, ignoring landscape such as issues. We have identified the principles of landscape planning and design community, and allocation of green plants. It is the important weights that real estate developers sell their items, which is an important success factor that the real estate developers operate company, and people will pay more and more attention to the landscape design.

RUSSIAN REAL ESTATE MARKET STATE AND PROSPECTS

2021 ◽  
Vol 3 (5) ◽  
pp. 23-27
Author(s):  
V. A. ERONIN ◽  
◽  
O. E. EMELYANOV ◽  
Keyword(s):  
Real Estate ◽  
Real Estate Market ◽  
The State ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Market State

The article considers the state, main problems and prospects of development of the real estate market in Russia in modern conditions.

scholarly journals A atuação do Montepio na produção estatal de habitação em João Pessoa de 1932 a 1963

2009 ◽  
Vol 11 (2) ◽  
pp. 95
Author(s):  
Angela Araujo Nunes
Keyword(s):  
Real Estate ◽  
The State ◽  
Housing Production ◽  
The Real ◽  
The Real Estate ◽  
The Public ◽  
Official Record ◽  
The City

Este trabalho objetiva o exame da atuação da Carteira Imobiliária do Montepio do Estado da Paraíba na produção estatal de habitação na cidade de João Pessoa, de 1932 a 1963, período entre a designação da instituição para a produção de moradias em benefício do funcionalismo público até sua última realização antes da criação do BNH. Através de exaustiva pesquisa documental, realizada em acervos locais, e tendo como principal fonte o jornal A União, registro oficial das realizações do Executivo estadual, foram recolhidos dados sobre as realizações habitacionais do instituto, possibilitando a identificação das suas vilas e conjuntos populares e, posteriormente, a classificação das unidades construídas e a reconstituição da planta e fachada originais. Palavras-chave: Montepio; João Pessoa; carteira imobiliária; habitação popular. Abstract: This work analyzes the constructive actuations of the real estate portfolio of Montepio Paraíba State in the statal housing production in the city of João Pessoa, from 1932 to 1963, established between the institutional designation for the production of housing in benefit of the public functionalism and its last popular realization before the work of BNH. Through exhausting documental research, done in local collections and especially through the newspaper A União, official record of the realizations of the state executive, data was found regarding the realizations of the housings by the institution, identifying the cities and popular aggregation and later on classifying the built unities and the reconstitution of thehouse plans and the front elevation. Keywords: Montepio; João Pessoa; real estate portfolio; popular housing.

scholarly journals International Real Estate Review

2016 ◽  
Vol 19 (2) ◽  
pp. 249-264
Author(s):  
Steve P. Fraser ◽  
◽  
Marcus T. Allen ◽  
Keyword(s):  
Real Estate ◽  
Income Tax ◽  
Residential Development ◽  
Development Project ◽  
Golf Course ◽  
Golf Club ◽  
Development Projects ◽  
The Real Estate ◽  
Real Estate Price ◽  
Price Premiums

Considerable prior research confirms the existence of real estate price premiums associated with golf course amenities in residential development projects. This study examines a unique residential development project in which membership in a golf club is appurtenant to the real estate: ownership of certain (but not all) dwellings in the project includes deeded membership in the project¡¦s golf club. In this development project, golf memberships can only be obtained or disposed of by acquiring or selling the associated dwelling, respectively. The results of this analysis indicates that price premiums associated with appurtenant golf memberships, after controlling for golf course view and other relevant property characteristics, are significantly positive. Furthermore, the results indicate that the magnitude of the price premium for appurtenant golf memberships varies across dwelling types (detached vs. attached) in this project. These findings may be important for housing developers, consumers, lenders, appraisers, and property and income tax authorities.

scholarly journals Civil Engineering Inspection for Real Estate Evaluation with the Use of Artificial Learning Algorithms and Fuzzy Logic

2020 ◽  
Vol 43 (338) ◽  
pp. 75-82
Author(s):  
Vladimir Surgelas ◽  
Irina Arhipova ◽  
Vivita Pukite
Keyword(s):  
Artificial Intelligence ◽  
Fuzzy Logic ◽  
Real Estate ◽  
Civil Engineering ◽  
Market Value ◽  
The State ◽  
The Real ◽  
The Real Estate ◽  
Technical Inspection ◽  
Physical Conditions

AbstractThe technical inspection of a building carried out by an expert in civil engineering can identify and classify the physical conditions of the real estate; this generates relevant information for the protection and safety of users. Given the real conditions of the property, and for the real estate valuation universe, using artificial intelligence and fuzzy logic, it is possible to obtain the market price associated with the physical conditions of the building. The objective of this experiment is to develop a property evaluation model using a civil engineering inspection form associated with artificial intelligence, and fuzzy logic, and also compare with market value to verify the applicability of this inspection form. Therefore, the methodology used is based on technical inspection of civil engineering regarding the state of conservation of properties according to the model used in Portugal and adapted to the reality of Latvia. Artificial intelligence is applied after obtaining data from that report. From this, association rules are obtained, which are used in the diffuse logic to obtain the price of the apartment per square meter, and for comparison with the market value. For this purpose, 48 samples of residential apartments located in the city of Jelgava in Latvia are used, with an inspection carried out from October to December 2019. The main result is the 9% error metric, which demonstrates the possibility of applying the method proposed in this experiment. Thus, for each apartment sample consulted, it resulted in the state of conservation and a market value associated.

Analysis of the Influence of Properties Management in the Region on the Transaction Prices Level of Unbuilt Land Properties – Case Study

2017 ◽  
Author(s):  
Monika Mika ◽  
Monika Siejka ◽  
Przemysław Len
Keyword(s):  
Real Estate ◽  
Urban Areas ◽  
Temporal Distribution ◽  
The State ◽  
Local Market ◽  
The Real Estate ◽  
Transaction Prices ◽  
State Of The Economy ◽  
Spatio Temporal ◽  
Real Estate Management

This article presents the results of analysis of the influence of selected economic, legal and environmental factors on the level of transaction prices of unbuilt land properties, in two randomly selected districts of the southern Poland. The results of the research allowed extraction of a group of factors influencing the spatial distribution of the average prices of the surveyed properties. They gave also the answer to the question about the extent to which the unit prices are confirmed by the state of properties management in the region. An analysis of the existing state in the selected region based on the analysis of the local market was performed. Furthermore, the conformity of local plans for the studied areas was examined, as well as an analysis of spatio-temporal distribution of transaction prices of real estate was performed. The research has shown that the level of transaction prices on the local real estate markets is related to the real estate management of the surveyed areas. The state of the economy is affected by many factors, most important of which seems to be the location in relation to urban areas and the condition of the access roads. The undertaken tests correspond with the directions of the world research.

The Real Estate Service Activities Using E-Learning

2016 ◽  
pp. 471-484
Author(s):  
Natalija Platonova ◽  
Svetlana Muminova
Keyword(s):  
Real Estate ◽  
Public Relations ◽  
Sliding Mode ◽  
Industrial Relations ◽  
Town Planning ◽  
Master's Program ◽  
The Real ◽  
The Real Estate ◽  
E Learning ◽  
Estimation And Control

The Real Estate Service is one of the most profitable businesses in the world. It is this fact that attracts many people to try their hand at this area. Obviously it is rather complex subject to deal with. There is a number of disciplines to be studied to provide efficient development. These are some of them: Architecture, Engineering, Public Relations, Industrial Relations, Property Finance, Property Law, Construction, Accountancy, General Management, Sales and Marketing, Communications, Town Planning, Valuation, Quantity Surveying, Land Surveying, etc. In this chapter the authors suggest a way to overcome the modern challenges in the service of real estate by means of the academic master's program developed by the Russian State University for Tourism and Service. The Master's Program is international and is based on E-Learning Systems. It also uses the author's and by Prof. Vardan Mkrttchian (Mkrttchian, 2011, 2012, 2015) techniques, software and technology of Estimation and Control in Sliding Mode.

Factor affecting competitive advantage of real estate developers in Indonesia

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
I Putu Gede Sukaatmadja
Keyword(s):  
Real Estate ◽  
Competitive Advantage ◽  
Design Methodology ◽  
Upper Class ◽  
Environmental Orientation ◽  
Content Type ◽  
The Real Estate ◽  
Real Estate Developer ◽  
Real Estate Developers ◽  
Further Development

Purpose This study aims to test and explain the implementation of the green marketing mix (GMM) strategy, based on an environmental orientation (EO) in increasing the competitive advantage (CA) of the real estate developers or companies in Indonesia. Design/methodology/approach This study was conducted at real estate developer companies in several cities in Bali, i.e. Denpasar, Gianyar, Buleleng, Singaraja and Tabanan of Bali Province, Indonesia, registered as a member of Real Estate Indonesia. Bali was chosen as a province with a very rapid growth of the property sector than other provinces in Indonesia. This study is about census research. The sample unit is a real estate developer in Bali whose scope of operation project is at least 20 hectares, which means the scale of the property business is middle-class and upper-class companies. The unit of analysis was developer companies in Bali, whereas the respondents were the General Manager, CEO or owners of the company. The respondents were chosen so that each question in the questionnaire could be filled correctly and accurately. Findings EO has a positive but insignificant effect on CA. On the other hand, EO has a positive and significant influence on the GMM strategy. Furthermore, the results show that the GMM strategy has a positive and significant effect on CA. Originality/value The originality of this study is evident from the effort to deepen the analysis and the results of the hypothesis testing of previous studies; hence, this study uses a GMM strategy for real estate developers as a service company. The mapping of the previous research is done uses variables related to current research. This study seeks to develop a model from some previous studies aimed at enriching the results of research for further development.

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