Reference : Land and the housing affordability crisis: landowner and developer strategies in Luxe...
Scientific journals : Article
Social & behavioral sciences, psychology : Human geography & demography
http://hdl.handle.net/10993/47792
Land and the housing affordability crisis: landowner and developer strategies in Luxembourg’s facilitative planning context
English
Paccoud, Antoine mailto [University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Identités, Politiques, Sociétés, Espaces (IPSE) >]
Hesse, Markus mailto [University of Luxembourg > Faculty of Humanities, Education and Social Sciences (FHSE) > Department of Geography and Spatial Planning (DGEO) >]
Becker, Tom mailto [University of Luxembourg > Faculty of Humanities, Education and Social Sciences (FHSE) > Department of Geography and Spatial Planning (DGEO) >]
Górczyńskaa, Magdalena mailto []
Jul-2021
Housing Studies
Taylor and Francis
Yes (verified by ORBilu)
International
0267-3037
1466-1810
Abingdon
United Kingdom
[en] Land ; housing ; affordability ; political economy ; planning
[en] The issue of land and its ownership remains under-explored in relation to the housing affordability crisis. We argue that the concentrated ownership of residential land affects housing production
in Luxembourg through the interplay of landowner and developer wealth accumulation strategies. Drawing on expert interviews, we first show that the country’s growth-centred ecology has produced
a negotiated planning regime that does little to manage the pace of residential development. Through an investigation of the development of 71 large-scale residential projects since 2007, we then
identify the private land-based wealth accumulation strategies this facilitative planning regime enables. This analysis of land registry data identifies land hoarding, land banking and the strategic use of the planning system. The Luxembourg case – with its extremes of land concentration, low taxes and public disengagement from land – provides a glimpse at the influence of landowner and
property developer strategies on housing affordability free of the usual mediating impact of the planning system.
Researchers ; Professionals ; Students
http://hdl.handle.net/10993/47792
10.1080/02673037.2021.1950647
First outcome of a fruitful collaboration with the colleagues from Liser. Combines original data from land ownership registry assessment and detailed insight into planning/regulatory practices. Indicates how the "housing crisis" of the country is systematically entrenched in a) its political economy in general and b) the value creation and maximisation of private actors (land owners, developers) in particular. That is, c.p. there is no "solution" in sight.

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