demands for investment prgrammes and non-profit housing sector
On May 31 the assembly of the German tenant union DMB expressed concerns regarding “the still expanding negative impacts of the financial and Euro crisis and the neoliberal austerity policies on housing conditions in Europe, like housing losses for economic reasons, evictions and permanently increasing […]
May 31 a huge majority of delegates at the biannual federal assembly („Mietertag“) of the German tenant union “Deutscher Mieterbund” (DMB) voted for two motions expressing a political rejection of the planned free trade agreements TTIP and CETA. The delegates, who represent regional and local associations with a membership basis of 1.27 million households, […]
Among the many financial investors present at MIPIM 2015 is the huge private equity firm Blackstone L.P., which calls itself “the world’s largest private sector owner of real estate assets”. Through buy outs of distressed subprime mortgages and other real estate assets it recently became a big landlord in the U.S. and in Spain. […]
International finance funds have recently landed in Spain to take advantage of post-housing-bubble ‘bargains’. With very bad consequences for people affected by the crsis, the international commission of PAH said at the occasion of the MIPIM 2015.
Also Turkey and Istanbul are very present at the MIPIM this year. One of the “highlights” is the presentation of the giant project of a canal between the Marmara Sea and the Black Sea. This “second Bosporus”, one of president Erdogans manic ideas, is a fundamental threat to nature and man.
London since many years is facing unprecedented levels of housing marketisation and commodification. No wonder that local activists took the slogan against the MIPIM 2015 in Cannes when the business planned a Mipim UK in last October. Here broad and loud protests really had some effect and disturbed the opening of the official fair. […]
While inhabitants in Spain are facing a new wave of mortgage sales to private equity funds like Blackstone, a current main trend in the German residential property sector is the concentration of housing capital in a few listed joint stock companies. Most of them – and also their big shareholders -are present at MIPIM […]
Currently the annual MIPIM is taking place in Cannes. Twelve months ago housing rights groups for the first time raised their voice to protest against this international real estate fair. “25 years of Mipimism is enough” they stated. Half a year later people in London took the slogan and delayed the opening of the […]
1 – A European anti-MIPIM Initiative:
For the past twenty-five years, Cannes has been the site of MIPIM (Marché International des Professionnels de l’Immobilier) which, as the name indicates, is a market for the sale of land, mostly public, for high-value real estate projects.
Meanwhile, since 1990 [nineteen ninety], the housing crisis has worsened […]
MIPIM IS WHERE THE BIG BAD LANDLORDS MEET
During the years of the global housing bubble 2003-2007 many public institutions, municipalities and industrial companies in North-Rhine-Westphalia sold their rental housing stocks to transnational financial investors. Many houses were sold several times, some companies failed. Here is a selection of 5 important “investors” […]