<abstract xmlns="http://www.w3.org/1999/xhtml"><p> Using the paradigmatic example of Catalunya Banc, this paper analyses the Spanish varieties of the new financial engineering used to appropriate urban rent by home dispossession. It aims to contribute to the study of the new forms of financialization that have appeared since 2008. Particular attention is given to the role of the state, the emergence of private equity funds as global real estate owners and how this has translated into a wave of evictions due to mortgage foreclosures. In short, this article highlights the implications of the uneven development resulting from the exhaustion of the so-called Spanish model of accumulation during the real estate boom years.</p></abstract>

Using the paradigmatic example of Catalunya Banc, this paper analyses the Spanish varieties of the new financial engineering used to appropriate urban rent by home dispossession. It aims to contribute to the study of the new forms of financialization that have appeared since 2008. Particular attention is given to the role of the state, the emergence of private equity funds as global real estate owners and how this has translated into a wave of evictions due to mortgage foreclosures. In short, this article highlights the implications of the uneven development resulting from the exhaustion of the so-called Spanish model of accumulation during the real estate boom years.

Extracting rents through foreclosures: The rescue of Catalunya Banc as a new urban strategy following the burst of the Spanish bubble

Miscellanea Geographica

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Using the paradigmatic example of Catalunya Banc, this paper analyses the Spanish varieties of the new financial engineering used to appropriate urban rent by...

Extracting rents through foreclosures: The rescue of Catalunya Banc as a new urban strategy following the burst of the Spanish bubble

Published Online: Dec 29, 2017

Page range: 151 - 159

Received: Jul 15, 2017

Accepted: Oct 19, 2017

DOI: https://doi.org/10.1515/mgrsd-2017-0030

Keywords
Financialization, bank bailout, housing policy, foreclosures, home dispossession, Spain

© by Sònia Vives-Miró

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Extracting rents through foreclosures: The rescue of Catalunya Banc as a new urban strategy following the burst of the Spanish bubble

Published Online: Dec 29, 2017

Page range: 151 - 159

Received: Jul 15, 2017

Accepted: Oct 19, 2017

DOI: https://doi.org/10.1515/mgrsd-2017-0030

KeywordsFinancialization, bank bailout, housing policy, foreclosures, home dispossession, Spain

© by Sònia Vives-Miró

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
Financialization, bank bailout, housing policy, foreclosures, home dispossession, Spain