TY - JOUR
T1 - Housing inequalities
T2 - The space-time geography of housing policies
AU - Nelson, Ruth
AU - Warnier, Martijn
AU - Verma, Trivik
PY - 2024
Y1 - 2024
N2 - Changes in policy over the last thirty years, particularly within advanced economies, have allowed for increased financialization, deregulation and globalisation of housing. What differentiates real-estate from other financial markets is that it possesses a salient socio-spatial geography. Housing inequalities are often framed as an outcome of macro-economic structural changes or as a product of local socio-spatial conditions, but the interactions between the two are less understood. To address this gap, we develop a descriptive methodology to connect the analysis of national housing policy trends in the Netherlands with local socio-spatial trajectories of neighbourhood change using nearly 20 years of historical data across a range of socio-spatial dimensions from the City of Rotterdam. Whilst nationally there has been an increasing policy preference for home ownership associated with a narrative of social upliftment, the spatial-temporal analysis reveals that the wealthiest neighbourhoods have benefitted significantly more from capital gains and increased rates of home ownership over time. Through descriptive analysis, the results highlight the role of divergent neighbourhood characteristics and path dependencies, suggesting that housing policies could benefit from the adoption of a more localised approach. Overall, the study sheds light on housing inequalities by integrating macro socio-economic factors with micro-level neighbourhood conditions.
AB - Changes in policy over the last thirty years, particularly within advanced economies, have allowed for increased financialization, deregulation and globalisation of housing. What differentiates real-estate from other financial markets is that it possesses a salient socio-spatial geography. Housing inequalities are often framed as an outcome of macro-economic structural changes or as a product of local socio-spatial conditions, but the interactions between the two are less understood. To address this gap, we develop a descriptive methodology to connect the analysis of national housing policy trends in the Netherlands with local socio-spatial trajectories of neighbourhood change using nearly 20 years of historical data across a range of socio-spatial dimensions from the City of Rotterdam. Whilst nationally there has been an increasing policy preference for home ownership associated with a narrative of social upliftment, the spatial-temporal analysis reveals that the wealthiest neighbourhoods have benefitted significantly more from capital gains and increased rates of home ownership over time. Through descriptive analysis, the results highlight the role of divergent neighbourhood characteristics and path dependencies, suggesting that housing policies could benefit from the adoption of a more localised approach. Overall, the study sheds light on housing inequalities by integrating macro socio-economic factors with micro-level neighbourhood conditions.
KW - Home ownership
KW - Housing inequalities
KW - Policy
KW - Rotterdam
KW - Spatial-temporal analysis
UR - http://www.scopus.com/inward/record.url?scp=85182245579&partnerID=8YFLogxK
U2 - 10.1016/j.cities.2023.104727
DO - 10.1016/j.cities.2023.104727
M3 - Article
AN - SCOPUS:85182245579
SN - 0264-2751
VL - 145
JO - Cities
JF - Cities
M1 - 104727
ER -