Article (Scientific journals)
Land and the housing affordability crisis: landowner and developer strategies in Luxembourg’s facilitative planning context
Paccoud, Antoine; Hesse, Markus; Becker, Tom et al.
2021In Housing Studies
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Keywords :
Land; housing; affordability; political economy; planning
Abstract :
[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.
Disciplines :
Human geography & demography
Author, co-author :
Paccoud, Antoine ;  University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Identités, Politiques, Sociétés, Espaces (IPSE)
Hesse, Markus  ;  University of Luxembourg > Faculty of Humanities, Education and Social Sciences (FHSE) > Department of Geography and Spatial Planning (DGEO)
Becker, Tom ;  University of Luxembourg > Faculty of Humanities, Education and Social Sciences (FHSE) > Department of Geography and Spatial Planning (DGEO)
Górczyńskaa, Magdalena
External co-authors :
no
Language :
English
Title :
Land and the housing affordability crisis: landowner and developer strategies in Luxembourg’s facilitative planning context
Publication date :
July 2021
Journal title :
Housing Studies
ISSN :
1466-1810
Publisher :
Taylor and Francis, Abingdon, United Kingdom
Peer reviewed :
Peer Reviewed verified by ORBi
Commentary :
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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since 06 August 2021

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