FinGeo Virtual Series - Experiments of Real Estate Financialization: Large Developers and Real Estate Funding Under Financial Subordination

07 November 2022 to 07 November 2022
Online

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The presentation will explore how (subordinate) financialization in Developing and Emerging Economies (DEEs) has impacted real estate developers, agents traditionally understood as key stakeholders at the local level. While recent studies have shown the complexity of today’s real estate markets in light of financialization, these works have sometimes neglected the transformation of developers’ organization and strategies. I will focus, therefore, on exploring some of the links between international capital flows and large real estate development firms in a country with low integration into the global financial system, such as Argentina. I will show that while large developers have been empowered by financial and urban regulation, real estate financialization has remained at the level of short-term state-funded experiments for national and international capital. A thin capital market and volatile macroeconomic conditions have organized a dollarized real estate market where developers’ information, political links and financial risk managing techniques determine the success or failure of their experiments.


 

Travel Discounts

No hotels have been associated with this event.