期刊
ENVIRONMENT AND PLANNING A-ECONOMY AND SPACE
卷 53, 期 5, 页码 1140-1157出版社
SAGE PUBLICATIONS INC
DOI: 10.1177/0308518X20969417
关键词
Housing; London; investors; Build to Rent; financialisation
资金
- ESRC ORA project [ES/S015078/1]
- ESRC [ES/S015078/1] Funding Source: UKRI
This paper examines the emergence of 'Build to Rent' (BTR) as a new form of tenure in London's housing market, discussing how private and public sector actors have shaped its context and adapted a US model to the UK. It shows the tensions in narrative-building activities and model development, shedding light on the emergence of new housing financing models.
This paper analyses 'Build to Rent' (BTR), a new form of tenure in London's housing market. We examine the ways in which private and public sector actors have shaped the context of BTR's emergence, and developed a model for delivery in London. We argue they relied on and constructed narratives of negativity about the private rental sector, which were juxtaposed with their product to position BTR as a solution to part of London's housing crisis. Building on this, and leveraging an emerging but supportive institutional context, real estate professionals have adapted a US model to the UK. We argue that both the narrative-generating activities and the model development reveal tensions, which help theorise the ways new models of financing housing emerge.
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