Members of the “international working group for the promotion of market regulation and market alternatives at Habitat III” have reminded the currently ongoing prepcom in Surabaya, that the new draft of the “New Urban Agenda” still is totally is ignoring the economic frames of the global housing crisis. “Without addressing the global economic frames of spatial developments well sounding commitments like ‘ending poverty’ or ‘integrated urban management’ will remain wishful thinking”, the authors say in their message.
Financialization of Mass Rental Housing in Germany: Understanding the Transaction Cycles in the Mass Rental Housing Sector 1999–2015
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in: Urban Austerity: Impacts of the Global Financial Crisis on Cities in Europe, Verlag Theater der Zeit 2016
1. Introduction
In Germany, since 1999, more than three million rental housing units have been traded in the context of
large‐scale transactions. Sales to “financial investors” played a dominant role among these transactions. In
this article, I propose elements for a narrative that may help to understand the reasons for these
transactions.