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Post-crisis urban transformations in Athens and Barcelona; a comparative approach

Project description

A closer look at Southern Europe’s housing crisis

Nearly a decade after the 2008 global crisis, Southern Europe still grapples with the enduring repercussions. Political, economic and institutional upheavals have triggered a housing reshuffle, as transnational investors enter local property markets, snapping up repossessed houses and non-performing loans. Barcelona and Athens stand as prominent but contrasting examples of this socio-political and spatial restructuring. With the support of the Marie Skłodowska-Curie Actions programme, the MATISSE project will explore three key issues: the policies driving housing financialisation, the identity of transnational investors, and the social and spatial implications of property restructuring. By combining interdisciplinary expertise, MATISSE aims to unravel the complexities of this pressing issue. The findings will contribute to the broader understanding of global economic forces and their local impact.

Objective

Nearly a decade after its outbreak, the shockwaves of the 2008 global crisis remain omnipresent in Southern Europe. Rapid political, economic and institutional transformations have triggered the reshuffling of housing. Within this framework, transnational investors are entering local property markets, purchasing repossessed houses and/ or non-performing loans. Spain and Greece, and their major cities Barcelona and Athens, are two outstanding but contrasting examples of this socio-political and spatial restructuring. They provide crucial theoretical, methodological and analytical challenges for urban studies and a key opportunity for the development of a novel comparative-relational approach to learn about the local consequences of the strategies of these global actors. The project MATISSE will address three lines of inquiry, looking into: (i) which are the policies encouraging housing financialisation (ii) who are the transnational investors and; (iii) which are the social and spatial implications of such property restructuring. It will bring together an interdisciplinary approach based on a two-way knowledge transfer between the ER’s (Dr Georgia Alexandri) existing research in urban restructuring in Spain and Greece with the Supervisor’s (Dr Stuart Hodkinson) extensive experience and research expertise in housing financialisation, privatisation and corporate mapping.

Fields of science (EuroSciVoc)

Programme(s)

Topic(s)

Funding Scheme

MSCA-IF-EF-ST - Standard EF

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Call for proposal

(opens in new window) H2020-MSCA-IF-2017

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Coordinator

UNIVERSITY OF LEEDS
Net EU contribution
€ 195 454,80
Address
WOODHOUSE LANE
LS2 9JT Leeds
United Kingdom
Region
Yorkshire and the Humber West Yorkshire Leeds
Activity type
Higher or Secondary Education Establishments
Links
Total cost
€ 195 454,80