New LSE study released on “Financialization in 13 Cities”
The London School of Economics (LSE) has published a new international comparative study entitled “Financialization in 13 Cities”
This acknowledges that the financialization of the housing market has become a topic of increasing public and political concern, especially in high-demand cities. The benchmarking study concentrates on 12 countries in North America, Western Europe, Australasia and parts of Asia, plus Hong Kong.
All of the countries faced major housing problems with respect to both affordability and inadequate supply at least for some groups and especially in major cities. All had seen financial developments often leading to greater indebtedness. Similarly, all experts recognised financialization as a phenomenon – but its perceived attributes and effects varied considerably between sample countries.