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https://doi.org/10.37043/JURA.2016.8.1.1
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The Urban bubble process in Spain: An interpretation from the theory of the circuits of capital
[journal article]
Abstract Urbanization in Spain has advanced rapidly in the last twenty years or so. The phenomenon was particularly pronounced in the period spanning 1990-2007, when the construction of housing on a mass scale was a clear indicator of the second circuit of capital accumulation, with space playing a key role ... view more
Urbanization in Spain has advanced rapidly in the last twenty years or so. The phenomenon was particularly pronounced in the period spanning 1990-2007, when the construction of housing on a mass scale was a clear indicator of the second circuit of capital accumulation, with space playing a key role through the work of David Harvey. This led to a property bubble - one of the defining features of the economic and financial crisis in Spain between 2008 and 2013. In this contribution to the subject, we analyse the factors that triggered unchecked speculative urban growth in the context of the financialization of land. In tandem, our conclusions present the new resulting urban and metropolitan map of Spain, which is now characterized by uneven levels of occupancy among regions.... view less
Keywords
Spain; urbanization; metropolis; urban sprawl; urban development; urban planning; housing construction; real estate; market; crisis
Classification
Area Development Planning, Regional Research
Free Keywords
circuits of capital accumulation; metropolitan areas; polycentric urban system
Document language
English
Publication Year
2016
Page/Pages
p. 5-20
Journal
Journal of Urban and Regional Analysis, 7 (2016) 1
ISSN
2067-4082
Status
Published Version; peer reviewed