La financiarisation du marché immobilier français: de la crise des années 1990 à la crise des subprimes de 2008

Ingrid Nappi-Choulet

Revue d'économie financière, 2013, vol. N° 110, issue 2, 189-206

Abstract: European property markets became extensively financialized in the 2000s. The financialization of real estate reflects the transposition to the real estate sector, which is by nature localised, of the globalization of capital and investors, and application of financial approaches and techniques in property management. As real estate has become more financialized, property has come to be considered, managed and run like a financial asset. The financialization of the real estate industry is built on the major and growing influence of international investors. This paper investigates the stages of financialization in the real estate industry in France, which began in the mid-1990s with the intervention in the 1990s office property crisis by what are known as opportunistic investment funds, mostly based in North America. Classification JEL: G01, G21, G23, N14, R30.

JEL-codes: G01 G21 G23 N14 R30 (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=ECOFI_110_0189 (application/pdf)
http://www.cairn.info/revue-d-economie-financiere-2013-2-page-189.htm (text/html)
free

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:refaef:ecofi_110_0189

Access Statistics for this article

More articles in Revue d'économie financière from Association d'économie financière
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().