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Financialisation and rental housing: A case study of Berlin

Clementine Davies

No 153/2021, IPE Working Papers from Berlin School of Economics and Law, Institute for International Political Economy (IPE)

Abstract: This paper seeks to understand the extent financialisation has had an impact on the rental housing market in Berlin. Specifically, it focuses on the financialisation of non-financial rental housing companies. The financial statements of five large, publicly listed, commercial rental housing companies in Berlin are examined for three operationalisations of financialisation: as a means of accumulation, as a mode of corporate governance, and as the prioritisation of short-term perspectives. Findings show no trends of firms increasingly relying on financial instruments for profit but did show increased shareholder orientation and short termism. Implications for the supply, price and quality of rental housing in Berlin are discussed.

Keywords: financialisation; homeownership; firm ownership structure; rental housing; rental market; Berlin (search for similar items in EconPapers)
JEL-codes: G3 G32 L2 N2 R21 R31 (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-hme and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ipewps:1532021

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