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The Role and Behaviour of Commercial Property Investors and Developers in French Urban Regeneration: The Experience of the Paris Region

Ingrid Nappi-Choulet ()

Urban Studies, 2006, vol. 43, issue 9, 1511-1535

Abstract: This paper provides an analysis of the factors underlying private investment decisions concerning property development, with specific reference to urban regeneration in the French context. It is based on the results of a behavioural survey and MCA analysis of the behaviour patterns and motivations of active private investors and developers in the French commercial property markets and their involvement in French urban regeneration initiatives. The pattern of investment and development activity over the 1997-2002 French property market recovery period has been studied and a typology of actors set up, based on their investment policy for these property markets. The findings indicate that property investors in urban regeneration essentially seek speculative developments and short-term investments.

Date: 2006
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Handle: RePEc:sae:urbstu:v:43:y:2006:i:9:p:1511-1535