6: Financialisation and Inequalities: Housing in the Global South

Since the global economic crisis, financialisation of housing is discussed in the literature with a principal focus on early capitalist economies. However, the theoretical discussions remained limited to open up financialisation of housing in emerging economies, where the historical structure of housing provision and financialisation experienced differently. In the emerging economies, where there is an absence of welfare state housing provision, there is a significant number of self-help housing, which in some cases remain ‘informal’ or under an ambiguous land/homeownership. While the empirical and theoretical research on the global south is a growing literature, there is still a need to make an analysis of the emerging economy countries’ experiences of housing provision for different classes under a new set of financial tools. This panel welcomes analysis of financialisation of housing in the Global South, which discusses some potential venues theoretically and empirically: access to affordable housing revisited under the expansion of securitisation and mortgage lending; forms of displacement in different geographical contexts; global real estate investment (residential and commercial) and its impacts on the urban fabric, including uneven development, gentrification and segregation; mass housing and housing development as a part of financialisation of housing; revisiting the right to housing: the role of housing movements and struggles in the financialisation of housing process; the housing precariat, bankable slums; and the role of the state in housing provision. Abstracts (max. 250 words) should be emailed to the panel chair.

Panel chair

Özlem Celik, University of Helsinki, ozlem.celik@helsinki.fi