Local dimensions of global investment: Israeli property firms in Central Europe

Igal Charney

International Journal of Urban and Regional Research, 2003, vol. 27, issue 2, 441-447

Abstract: Transnational property investment has increased dramatically during the last few decades. This process has been traced by literature focusing on capital‐rich countries (e.g. the United States, Canada, Japan) and on major world cities. More recently, in tandem with the collapse of the Berlin Wall, the geographical horizons of foreign investors have broadened to include former socialist countries. This article examines the recent surge in Israeli property investment in Central Europe and argues that global flows depend on relationships between place of origin and destination. Mobility of property capital creates networks that connect cities on a transnational basis. Les investissements immobiliers transnationaux ont énormément augmenté au cours des dernières décennies. Cet aspect a été suivi et documenté surtout pour les pays riches en capitaux (Etats‐Unis, Canada, Japon, par exemple) et les grandes villes mondiales. Plus récemment, parallèlement à la chute du Mur de Berlin, les horizons géographiques des investisseurs étrangers se sont élargis aux anciens pays socialistes. L'article examine l'afflux récent d'investissements immobiliers israéliens en Europe centrale, affirmant que les flux planétaires dépendent des relations entre les lieux d'origine et de destination. La mobilité des capitaux immobiliers crée des réseaux qui relient des villes au plan transnational.

Date: 2003
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