Finance and System of Provision of Housing. The Case of Istanbul, Turkey

Ozlem Celik, Aylin Topal and Galip Yalman
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Ozlem Celik: Middle East Technical University (METU), Department of Political Science and Public Administration
Aylin Topal: Middle East Technical University (METU), Department of Political Science and Public Administration
Galip Yalman: Middle East Technical University (METU), Department of Political Science and Public Administration

Working papers from Financialisation, Economy, Society & Sustainable Development (FESSUD) Project

Abstract: This paper outlines a theorisation of the systems of provision approach (sop) and illustrates the relation between financialisation and housing by applying the sop framework in the case of Istanbul. The interest of different segments of capitalist interests in urban space has been gradually growing in Turkey, and in Istanbul particularly over the last decade, with a special emphasis on the construction sector in general and housing, in particular. The housing provision in Istanbul has been changing in terms of the role of the state, the expansion and increase in construction sector in relation to the integration to global capitalism, moments of resistance in different neighbourhoods against gentrification, the expectations of consumers from different classes, and the changing role of labour. The paper shows that the role and impact of finance and financialisation is evident in the case of Istanbul in terms of revealing the tensions, conflicts and congruencies among different developers, different classes, between the state, developers and consumers.

Pages: 70 pages
Date: 2016-04-30
New Economics Papers: this item is included in nep-ara, nep-cwa, nep-hme and nep-ure
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Citations: View citations in EconPapers (1)

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