Crisis and the Reproduction of Core-Periphery Relations on the Hungarian Housing Market

Pósfai Zsuzsanna () and Nagy Gábor ()
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Nagy Gábor: Centre for Economic and Regional Studies, Institute for Regional Studies, Hungarian Academy of Sciences, ‘Alfold’ department, H-5600 Békéscsaba, Szabó Dezso Street 42, Hungary

European Spatial Research and Policy, 2017, vol. 24, issue 2, 17-38

Abstract: Housing markets can be understood as indicators of the spatial pattern of capital investment under contemporary financial capitalism. We take this point of entry in order to analyze core-periphery relations around the turning point of the global financial crisis of 2007–2008 on the Hungarian housing market. The instance of crisis sheds light on patterns of homogenization and differentiation; the effects of which can be understood by exploring housing market activity on various scales from the European to the local/ regional. We argue that these two patterns of uneven development are inextricably linked and result in deepening sociospatial polarization.

Keywords: uneven development; housing; spatial fix; global financial crisis; Hungary (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:eusprp:v:24:y:2017:i:2:p:17-38:n:2

DOI: 10.1515/esrp-2017-0007

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