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The Real Estate Markets : Players, Institutions and Territories

2014, Theurillat, Thierry, Rérat, Patrick, Crevoisier, Olivier

Revealing the parties, the processes and the institutions and, consequently, both the diversity and contingency of the real estate markets, the existing increasing literature emphasises the contemporary numerous links and interdependencies between real estate, land value, planning and town planning policy and even the financial system. However, the vast majority of this research only looks at major cities, neglecting other areas. The aim of this article is to gain a better understanding of the real estate market through a process firstly of deconstruction and then reconstruction. The process of deconstruction involves identifying various market trends according to property type (principally residential buildings), players and institutions, territorial situations and temporalities based on research conducted in Switzerland. We then developed a meta-synthesis inspired by Fernand Braudel whose works put as much emphasis on day-to-day economic activity as on long-term activity, and on local as well as global issues.

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Publication
Accès libre

The real estate markets : Players, institutions and territories

2014, Theurillat, Thierry, Rérat, Patrick, Crevoisier, Olivier

Revealing the parties, the processes and the institutions and, consequently, both the diversity and contingency of the real estate markets, the existing increasing literature emphasises the contemporary numerous links and interdependencies between real estate, land value, planning and town planning policy and even the financial system. This paper is an attempt to understand all the real estate markets, from the most peripheral ones, where the urban rent is the lowest, to the most dense city centres. To gain a better understanding of the real estate market, a process of firstly deconstruction and then reconstruction is used. The process of deconstruction involves identifying various market trends according to property type (principally residential buildings), players and institutions, territorial situations and temporalities based on research conducted in Switzerland. We then developed a meta-synthesis inspired by Fernand Braudel whose works put as much emphasis on day-to-day economic activity as on long-term activity, and on local as well as global issues.

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Publication
Accès libre

From urban wastelands to new-build gentrification: The case of Swiss cities

2010, Rérat, Patrick, Söderström, Ola, Piguet, Etienne, Besson, Roger

Gentrification represents an important aspect of the transformation of socio-demographic structures in many cities around the world. The definition of this concept has been extended in recent years to cover different processes of social upgrading and to incorporate a plurality of forms, protagonists, and spaces. The notion of ‘new-build gentrification’ is part of this process of redefinition. Because of its strong connections with global socioeconomic trends, the adoption of regeneration and densification policies along with the emergence of numerous new urban districts, Switzerland offers a particularly interesting case in which to study this specific form of gentrification. In this paper, we first provide an assessment of the residential attractiveness of Swiss core cities for the middle to upper class. We then study new housing projects in Zurich and Neuchâtel. Our focus on the actors involved in these projects brings original results to the debates surrounding the driving forces behind new-build gentrification. Empirical material is drawn from official statistics, questionnaires relating to inhabitant profiles, interviews concerned with the strategies of actors in the real-estate market, and planning policy documents.