CRISIS AND THE REPRODUCTION OF CORE-PERIPHERY RELATIONS ON THE HUNGARIAN HOUSING MARKET
CRISIS AND THE REPRODUCTION OF CORE-PERIPHERY RELATIONS ON THE HUNGARIAN HOUSING MARKET
Author(s): Zsuzsanna Pósfai, Gábor NagySubject(s): Politics / Political Sciences, Geography, Regional studies, National Economy, Business Economy / Management, Sociology
Published by: Wydawnictwo Uniwersytetu Łódzkiego
Keywords: uneven development; housing; spatial fix; global financial crisis; Hungary
Summary/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 theHungarian 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 socio spatial polarization.
Journal: European Spatial Research and Policy
- Issue Year: 24/2017
- Issue No: 2
- Page Range: 17-38
- Page Count: 22
- Language: English