Show simple item record

dc.contributor.authorGoodfellow, Tom
dc.date.accessioned2018-07-13T11:11:21Z
dc.date.available2018-07-13T11:11:21Z
dc.date.issued2017-09
dc.identifier.citationGoodfellow, T. (2017) Urban Fortunes and Skeleton Cityscapes: Real Estate and Late Urbanization in Kigali and Addis Ababa, International Journal of Urban and Regional Research, Volume 41, Issue 5 September 2017 Pages 786-803en
dc.identifier.urihttp://opendocs.ids.ac.uk/opendocs/handle/123456789/13889
dc.description.abstractIn many parts of Africa, societies that remain primarily rural are experiencing accelerated urban growth and highly visible booms in property development. In the absence of significant industrialization, investment is pouring directly into what Lefebvre and Harvey characterized as the ‘secondary circuit’ of capital. Debates about the drivers of investment in real estate are longstanding in relation to the global North, but have given little consideration to low‐income and late‐urbanizing countries in Africa. Yet such contexts offer important opportunities to reflect on existing theory. Focusing on Kigali and Addis Ababa (both transformed virtually beyond recognition over the past two decades), this article explores the drivers and consequences of investment in urban real estate in countries striving to structurally transform their economies. It argues that a range of formal and informal incentives and constraints have led to high‐end real estate being viewed as the ‘safest bet’ for those with resources to invest, even where demand is limited and governments are promoting other kinds of investment. While some people are reaping urban fortunes in largely untaxed rents, much of the construction is purely speculative, creating landscapes of unused and underused high‐end properties in contexts where investment is desperately needed elsewhere.en
dc.language.isoenen
dc.publisherUrban Research Publications Limiteden
dc.rightsPlease note, this paper is free to view from Feb 2018 to Feb 2019.en
dc.rights.urihttp://www.ids.ac.uk/files/dmfile/IDSOpenDocsStandardTermsOfUse.pdfen
dc.titleUrban Fortunes and Skeleton Cityscapes: Real Estate and Late Urbanization in Kigali and Addis Ababaen
dc.typeArticleen
dc.rights.holder© 2017 Urban Research Publications Limiteden
dc.identifier.externalurihttps://onlinelibrary.wiley.com/doi/full/10.1111/1468-2427.12550en
dc.identifier.doidoi.org/10.1111/1468-2427.12550
dcterms.dateAccepted2017
rioxxterms.funderDefault funderen
rioxxterms.identifier.projectDefault projecten
rioxxterms.versionVoRen
rioxxterms.versionofrecordhttps://doi.org/10.1111/1468-2427.12550en
rioxxterms.funder.projectd218e59e-c0fb-4cb3-8a07-92a57da72cd1en


Files in this item

FilesSizeFormatView

There are no files associated with this item.

This item appears in the following Collection(s)

Show simple item record