 Governing investors and developers: Analysing the role of risk allocation in urban developmentFrances Brill Urban Studies, 2022, vol. 59, issue 7, 1499-1517 Abstract: This article argues that urban governance, and academic theorisations of it, have focused on the role and strategies of real estate developers at the expense of understanding how investors are shaped by regulatory environments. In contrast, using the case of institutional investment in London’s private rental housing (Build to Rent), in this article I argue that unpacking the private sector and the development process helps reveal different types of risk which necessitate variegated responses from within the real estate sector. In doing so, I demonstrate the complexities of the private sector in urban development, especially housing provision, and the limitations of a binary conceptualised around pro- and anti-development narratives when discussing planning decisions. Instead, I show the multiplicity of responses from within the private sector, and how these reflect particular approaches to risk management. Uncovering this helps theorise the complexities of governing housing systems and demonstrates the potential for risk-based urban governance analysis in the future. Keywords: finance; financialisation; governance; housing; local government; planning; real estate; 金èž; é‡‘èž åŒ–; æ²»ç †; ä½ æˆ¿; 地方政府; 规划; 房地产 (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:sae:urbstu:v:59:y:2022:i:7:p:1499-1517 DOI: 10.1177/00420980211017826 Access Statistics for this article More articles in Urban Studies from Urban Studies Journal Limited |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.