 State‐Led Financial Regulation and Representations of Spatial Fixity: The Example of the Spanish Real Estate SectorIsmael Yrigoy International Journal of Urban and Regional Research, 2018, vol. 42, issue 4, 594-611 Abstract: This article offers a bottom‐up contribution to the fixity–motion literature. It aims to unravel the apparent contradiction of real estate spatial fixity in Spain, which is portrayed both as a barrier to accumulation and as a unique source of investment by different capitalist actors. Empirically, it describes the shifts in real estate ownership and changes in profit‐making strategies that have taken place across the real estate sector during the crisis years, and the role of the state in these shifts. The article asserts that the idea of spatial fixity representing a spatial barrier for accumulation does not necessarily apply in the Spanish case. It further claims that the tensions in capital circulation through real estate are not only to be found in the action of time, but in different state strategies pursued by various actors. The opposing representations of fixity are the result of state regulation of interest rates, taxation and risk weighting. The state also increasingly promotes land rents as a source of liquidity creation. Date: 2018 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:ijurrs:v:42:y:2018:i:4:p:594-611 Ordering information: This journal article can be ordered from Access Statistics for this article International Journal of Urban and Regional Research is currently edited by Alan Harding, Roger Keil and Jeremy Seekings More articles in International Journal of Urban and Regional Research from Wiley Blackwell |
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