Housing Commodification and Increasing Potential Ground Rents in Post‐Socialist Budapest

IF 2 2区经济学 Q2 ECONOMICS

Tijdschrift voor economische en sociale geografie Pub Date : 2023-10-26 DOI:10.1111/tesg.12592

Gergely Olt, Borbála Simonovits, Anikó Bernát, Adrienne Csizmady

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Abstract

Abstract In post‐socialist Budapest, gentrification has remained modest for decades after the regime change (1989) due to politically controlled economic relations besides marketisation. Political control was transformed but maintained after 2010 in the illiberal Orbán regime. Populist housing privatisation for tenants, insufficient regulation of rental housing, mortgage policy and urban rehabilitations with systemic corruption caused moderate level of housing market commodification. However, gentrification accelerated from 2014. Among other factors, the restriction of mortgage lending and the unplanned expansion of tourism increased the commodification of real estate market. Similar contextual issues were mentioned in the gentrification literature before; however, they remained external modifying effects of the assumed nomothetic political economic mechanisms behind rent gaps under neoliberal governance assumed everywhere. We suggest connecting institutional, social and political factors with dynamics of land rent through the concept of commodification and its effects on potential ground rent to include them within the mechanisms of gentrification.

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后社会主义布达佩斯的住房商品化和潜在地租增长

在后社会主义布达佩斯，由于政治控制的经济关系和市场化，在政权更迭(1989年)后的几十年里，士绅化一直保持适度。政治控制发生了变化，但在2010年之后，在不自由的Orbán政权中得以维持。民粹主义的租户住房私有化、租赁住房监管不足、抵押贷款政策和城市改造与系统性腐败导致住房市场商品化程度适中。然而，士绅化从2014年开始加速。除其他因素外，抵押贷款的限制和旅游业的无计划扩张增加了房地产市场的商品化。类似的语境问题在以前的中产阶级化文献中也提到过;然而，它们仍然是新自由主义治理下租金差距背后假设的名义政治经济机制的外部修正效应。我们建议通过商品化的概念及其对潜在地租的影响，将制度、社会和政治因素与地租的动态联系起来，将它们纳入士绅化机制。

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来源期刊

Tijdschrift voor economische en sociale geografie Multiple-

CiteScore

10.60

自引率

2.10%

发文量

期刊介绍： The Tijdschrift voor Economische en Sociale Geografie is a leading international journal on contemporary issues in human geography, committed to promoting rigorous academic work on the field. Through its scholarly articles and special "dossiers" on topics of interest, it brings you the latest research findings from Europe and around the world in authoritative scientific contributions. The journal bridges the gap between continental European practices of geography and the Anglo-American traditions by including articles from both regions. The Tijdschrift is a channel for the dissemination of new perspectives, ideas and approaches to the study of human geography.