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Abstract
This article investigates the ways in which the structure of the private ownership of property affects the operation of land and housing markets. It draws on detailed Land Registry data to identify the types of actors found at the top of the property wealth distribution in Dudelange, Luxembourg, and to gauge their respective influence on the production of the residential environment. While the top tail is made up of property developers, landowners and super-landlords, an analysis of the planning and land assembly processes for six large scale residential developments in the city since the 1970s shows that the production of housing is driven by a small group of tightly interconnected private landowners and property developers. The level of property wealth concentration in a given territory is thus not innocuous – it affects the production of the residential environment, especially when multiple property ownership is interlinked with the concentrated control over residential land. The study complements discussions on the relation between property, wealth and the production of housing that focus on homeowners, small-scale private landlords and the super-rich (on the consumption side) and, on the production side, on selected actors such as financialised property developers and public landowners.
Original language | English |
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Pages (from-to) | 100-119 |
Journal | International Journal of Housing Policy |
Volume | 20 |
Issue number | 1 |
Early online date | 29 Oct 2019 |
DOIs | |
Publication status | Published - Jan 2020 |
Keywords
- Housing
- Wealth
- Property ownership
- Property development
- Land ownership
- Landlordism
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Schifano, S. & Paccoud, A., 5 Dec 2023, (Accepted/In press) In: Journal of Economic History.Research output: Contribution to journal › Article › peer-review
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Logement: quelles sources à la crise?
Paccoud, A., 3 Mar 2022, 4 p. Luxembourg : Forum a.s.b.l.Research output: Other contribution
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Paccoud, A., Hesse, M., Becker, T. & Górczyńska-Angiulli, M., 29 Jul 2021, In: Housing Studies.Research output: Contribution to journal › Article › peer-review
Open Access -
L’économie libidinale du foncier
Paccoud, A., 17 Jun 2021, Inventaire avant sortie de crise !. Ruben, M-E. (ed.). Luxembourg: Fondation Idea asbl, p. 78-87 10 p.Research output: Chapter in Book/Report/Conference proceeding › Chapter
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Public Land Acquisition: From Economic Diversification to the Housing Crisis
Paccoud, A., 4 Mar 2021, 1 p. Luxembourg : Forum a.s.b.l.Research output: Other contribution