Urban Change in the Iberian Peninsula: A 2000¿2030 Perspective¿Housing, Real Estate, and the Economy in Portuguese Cities

• Type: Chapter or Part of a Book
• Date: 2024

Authors

Carvalho, L (Author) FEP

Book

Title: Urban change in the Iberian Peninsula : a 2000-2030 perspective

Pages: 149-158

ISBN: 978-3-031-59678-0 (hbk); 978-3-031-59681-0 (pbk)

Electronic ISBN: 978-3-031-59679-7

Publisher: Springer Nature

Indexing

Scopus - 0 Citations

Other information

Authenticus ID: P-016-T69

DOI: 10.1007/978-3-031-59679-7_9

Abstract (EN): Urban economic geography must acquire an increasing role in the study of the city and its growth processes. This is what is done in this chapter reserved for Portugal. On the one hand, the main cities and metropolitan areas have concentrated on the most competitive companies and economic sectors while growing. On the other hand, urban space has become a privileged place for business and income accumulation, based on real estate activities. Shops, department stores, and homes are products that are bought, sold, and exchanged in a voracious market, a market that has attracted large sums of increasingly internationalized capital. The financialization of the Portuguese city has been consummated in recent decades, and the period of acute economic crisis at the beginning of the 2010s has only intensified this phenomenon. Large fortunes and investment funds acquire a growing volume of houses, apartments or entire neighbourhoods in Lisbon and Porto, to develop the lucrative business of speculation. At the same time, the tourist attraction generated by these cities, and all of Portugal, translates into the proliferation of tourist rentals, which contribute to the expulsion of traditional residents from urban centres. All these processes, in an orderly manner, and distinguishing the metropolitan realities of Lisbon and Porto from the rest, are studied for Portugal in this chapter. © The Author(s), under exclusive license to Springer Nature Switzerland AG 2024.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 9