403
Views
0
CrossRef citations to date
0
Altmetric
Articles

Not gentrification, not touristification: Short-term rentals as a housing assetization strategy

References

  • Aalbers, M. B. (2016). The financialization of housing: A political economy approach. Routledge.
  • Aalbers, M. B. (2019). Financial geography II: Financial geographies of housing and real estate. Progress in Human Geography, 43(2), Art. 2. https://doi.org/10.1177/0309132518819503
  • Aalbers, M., Hochstenbach, C., Bosma, J., & Fernandez, R. (2020). The death and life of private landlordism: How financialized homeownership gave birth to the buy-to-let market. Housing, Theory and Society, 38(5), 541–563. https://doi.org/10.1080/14036096.2020.1846610
  • Amore, A., de Bernardi, C., & Arvanitis, P. (2020). The impacts of Airbnb in Athens, Lisbon and Milan: A rent gap theory perspective. Current Issues in Tourism, 1–14. https://doi.org/10.1080/13683500.2020.1742674
  • Antoci, A., Russu, P., Sacco, P. L., & Blessi, G. T. (2021). Preying on beauty? The complex social dynamics of overtourism. Journal of Economic Interaction and Coordination, 1–22. https://doi.org/10.1007/s11403-020-00311-4
  • Ardura Urquiaga, A., Lorente-Riverola, I., & Ruiz Sanchez, J. (2020). Platform-mediated short-term rentals and gentrification in Madrid. Urban Studies, 57(15), 3095–3115. https://doi.org/10.1177/0042098020918154
  • Balampanidis, D., Maloutas, T., Papatzani, E., & Pettas, D. (2021). Informal urban regeneration as a way out of the crisis? Airbnb in Athens and its effects on space and society. Urban Research & Practice, 1–20. https://doi.org/10.1080/17535069.2019.1600009
  • Barron, K., Kung, E., & Proserpio, D. (2017). The sharing economy and housing affordability: Evidence from Airbnb.
  • Beswick, J., Alexandri, G., Byrne, M., Vives-Miró, S., Fields, D., Hodkinson, S., & Janoschka, M. (2016). Speculating on London’s housing future: The rise of global corporate landlords in ‘post-crisis’ urban landscapes. City, 20(2), 321–341.
  • Bosma, J. R., & van Doorn, N. (2022). The gentrification of Airbnb: Closing rent gaps through the professionalization of hosting. Space and Culture, 12063312221090606. https://doi.org/10.1177/12063312221090606
  • Bugalski, L. (2020). The undisrupted growth of the Airbnb phenomenon between 2014–2020. The touristification of European cities before the COVID-19 outbreak. Sustainability, 12(23), 9841. https://doi.org/10.3390/su12239841
  • Byrne, M. (2016). Bad banks and the urban political economy of financialization: The resolution of financial–real estate crises and the co-constitution of urban space and finance. City, 20(5), 685–699. https://doi.org/10.1080/13604813.2016.1224480
  • Cheung, K. S., & Yiu, C. Y. (2022). Touristification, Airbnb and the tourism-led rent gap: Evidence from a revealed preference approach. Tourism Management, 92, 104567. https://doi.org/10.1016/j.tourman.2022.104567
  • Christophers, B. (2010). On voodoo economics: Theorising relations of property, value and contemporary capitalism. Transactions of the Institute of British Geographers, 35(1), Art. 1. https://doi.org/10.1111/j.1475-5661.2009.00366.x
  • Clancy, M. (2022). Tourism, financialization, and short-term rentals: The political economy of Dublin’s housing crisis. Current Issues in Tourism, 25(20), 3363–3380. https://doi.org/10.1080/13683500.2020.1786027
  • Cocola-Gant, A. (2016). Holiday rentals: The new gentrification battlefront. Sociological Research Online, 21(3), 112–120. https://doi.org/10.5153/sro.4071
  • Cocola-Gant, A. (2018). Tourism gentrification. Handbook of gentrification studies. https://www.elgaronline.com/view/edcoll/9781785361739/9781785361739.00028.xml
  • Cocola-Gant, A., & Gago, A. (2019). Airbnb, buy-to-let investment and tourism-driven displacement: A case study in Lisbon. Environment and Planning A: Economy and Space, 0308518X19869012. https://doi.org/10.1177/0308518X19869012
  • Cocola-Gant, A., Jover, J., Carvalho, L., & Chamusca, P. (2021). Corporate hosts: The rise of professional management in the short-term rental industry. Tourism Management Perspectives, 40, 100879. https://doi.org/10.1016/j.tmp.2021.100879
  • Combs, J., Kerrigan, D., & Wachsmuth, D. (2019). Short-term rentals in Canada: Uneven growth, uneven impacts. Canadian Journal of Urban Research, 29(1), 119–134. https://cjur.uwinnipeg.ca/index.php/cjur/article/view/274
  • Cox, M., & Haar, K. (2020). Platform failures—How short-term rental platforms like Airbnb fail cities. GUE/NGL group in the European Parliament. https://left.eu/content/uploads/2020/12/Platform-Failures-Airbnb-1.pdf
  • Crommelin, L., Troy, L., Martin, C., & Pettit, C. (2018). Is Airbnb a sharing economy superstar? Evidence from five global cities. Urban Policy and Research, 36(4), 429–444. https://doi.org/10.1080/08111146.2018.1460722
  • Dagkouli-Kyriakoglou, M., Tulumello, S., Cocola-Gant, A., Iacovone, C., & Pettas, D. (2022). Digital mediated short-term rentals in the (post-) pandemic city. Digital Geography and Society, 3, 100028. https://doi.org/10.1016/j.diggeo.2022.100028
  • Drummond-Cole, A., Bond-Graham, D., & Project, W. R. A. (2012). Disneyfication of downtown Oakland: Business improvement districts and the battle for public space. Race, Poverty & the Environment, 19(1), 49–52. https://www.jstor.org/stable/41762542
  • Dudás, G., Vida, G., Kovalcsik, T., & Boros, L. (2017). A socio-economic analysis of Airbnb in New York City. Regional Statistics, 7(1), 135–151. https://doi.org/10.15196/RS07108
  • Eeckhout, B. (2001). The “disneyfication” of times square: Back to the future? In K. Fox Gotham (Ed.) Critical perspectives on urban redevelopment (Research in urban sociology). Emerald Group Publishing Limited (Vol. 6, pp. 379–428). https://doi.org/10.1016/S1047-0042(01)80015-5
  • Elíasson, L., & Ragnarsson, Ö. P. (2018). Short-term renting of residential apartments: Effects of Airbnb in the Icelandic housing market. Economics wp76, Department of Economics, Central bank of Iceland. https://www.cb.is/publications/publications/publication/2018/02/27/New-working-paper-on-the-effects-of-Airbnb-on-the-residential-housing-market/
  • Eurostat. (2023). Tourism statistics—Top destinations. https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Tourism_statistics_-_top_destinations
  • Exceltur. (2019). Exceltur | PIB y Empleo Turístico por C.C.A.A. https://www.exceltur.org/pib-y-empleo-turistico-por-c-c-a-a/
  • Farha, L. (2017). Financialization of housing and the right to adequate housing [Report of the special Rapporteur on adequate housing as a component of the right to an adequate standard of living, and on the right to non-discrimination in this context]. United Nations.
  • Fernandez, R., & Aalbers, M. B. (2016). Financialization and housing: Between globalization and varieties of capitalism. Competition & Change, 20(2), Art. 2. https://doi.org/10.1177/1024529415623916
  • Fields, D. (2017). Unwilling subjects of financialization. International Journal of Urban and Regional Research, 41(4), Art. 4. https://doi.org/10.1111/1468-2427.12519
  • Fields, D. (2018). Constructing a new asset class: Property-led financial accumulation after the crisis. Economic Geography, 94(2), Art. 2. https://doi.org/10.1080/00130095.2017.1397492
  • Fields, D. (2022). Automated landlord: Digital technologies and post-crisis financial accumulation. Environment and Planning A: Economy and Space, 54(1), 160–181. https://doi.org/10.1177/0308518X19846514
  • Fields, D., & Rogers, D. (2021). Towards a critical housing studies research agenda on platform real estate. Housing, Theory and Society, 38(1), 72–94. https://doi.org/10.1080/14036096.2019.1670724
  • Forrest, R., & Hirayama, Y. (2015). The financialization of the social project: Embedded liberalism, neoliberalism and home ownership. Urban Studies, 52(2), 233–244.
  • Freytag, T., & Bauder, M. (2018). Bottom-up touristification and urban transformations in Paris. Tourism Geographies, 20(3), Art. 3. https://doi.org/10.1080/14616688.2018.1454504
  • Gabor, D., & Kohl, S. (2022). « My home is an asset class»: The financialization of housing in Europe. The Greens/EFA in the European Parliament. http://extranet.greens-efa-service.eu/public/media/file/1/7461
  • Gil, J., & Martínez, M. A. (2023). State-led actions reigniting the financialization of housing in Spain. Housing, Theory and Society, 1–21. https://doi.org/10.1080/14036096.2021.2013316
  • Gil, J., Martínez, P., & Sequera, J. (2023). The neoliberal tenant dystopia: Digital polyplatform rentierism, the hybridization of platform-based rental markets and financialization of housing. Cities, 137. https://doi.org/10.1016/j.cities.2023.104245
  • Gil, J., & Sequera, J. (2018). Expansión de la ciudad turística y nuevas resistencias. El caso de Airbnb en Madrid. Empiria. Revista de metodología de ciencias sociales, 41.
  • Gil, J., & Sequera, J. (2022). The professionalization of Airbnb in Madrid: Far from a collaborative economy. Current Issues in Tourism, 1–20. https://doi.org/10.1080/13683500.2020.1757628
  • Gotham, K. F. (2005). Tourism gentrification: The case of New Orleans’ Vieux Carre (French Quarter). Urban Studies, 42(7), 1099–1121. https://doi.org/10.1080/00420980500120881
  • Gotham, K. F. (2009). Creating liquidity out of spatial fixity: The secondary circuit of capital and the subprime mortgage crisis. International Journal of Urban and Regional Research, 33(2), 355–371. https://doi.org/10.1111/j.1468-2427.2009.00874.x
  • Gravari-Barbas, M., & Guinand, S. (Eds.). (2017). Tourism and gentrification in contemporary metropolises: International perspectives. Routledge.
  • Gurran, N., & Phibbs, P. (2017). When tourists move in: How should urban planners respond to Airbnb? Journal of the American Planning Association, 83(1), 80–92. https://doi.org/10.1080/01944363.2016.1249011
  • Gurran, N., Zhang, Y., & Shrestha, P. (2020). ‘Pop-up’tourism or ‘invasion’? Airbnb in coastal Australia. Annals of Tourism Research, 81, 102845. https://doi.org/10.1016/j.annals.2019.102845
  • Harvey, D. (2001). Spaces of capital: Towards a critical geography. Edinburgh University Press.
  • Ioannides, D., Röslmaier, M., & van der Zee, E. (2019). Airbnb as an instigator of ‘tourism bubble’ expansion in Utrecht’s Lombok neighbourhood. Tourism Geographies, 21(5), 822–840.
  • Janoschka, M., & Sequera, J. (2016). Gentrification in Latin America: Addressing the politics and geographies of displacement. Urban Geography, 37(8), 1175–1194. https://doi.org/10.1080/02723638.2015.1103995
  • Jover, J., & Cocola-Gant, A. (2022). The political economy of housing investment in the short-term rental market: Insights from urban Portugal. Antipode. https://doi.org/10.1111/anti.12881
  • Jover, J., & Díaz-Parra, I. (2020). Gentrification, transnational gentrification and touristification in Seville, Spain. Urban Studies, 57(15), 3044–3059. https://doi.org/10.1177/0042098019857585
  • Katsinas, P. (2021). Professionalization of short-term rentals and emergent tourism gentrification in post-crisis Thessaloniki. Environment and Planning A: Economy and Space, 53(7), 1652–1670.
  • Kemp, P. A. (2020). Commentary on multiple property ownership. International Journal of Housing Policy, 20(1), 144–155.
  • Lee, D. (2016). How Airbnb short-term rentals exacerbate Los Angeles’s affordable housing crisis: Analysis and policy recommendations. Harvard Law & Policy Review, 10, 229. https://blogs.ubc.ca/canadianliteratureparkinson/files/2016/06/How-Airbnb-Short-term-rentals-disrupted.pdf
  • López-Gay, A., Cocola-Gant, A., & Russo, A. P. (2021). Urban tourism and population change: Gentrification in the age of mobilities. Population, Space and Place, 27(1). https://doi.org/10.1002/psp.2380
  • Madden, D., & Marcuse, P. (2016). In defense of housing. The politics of crisis. Verso.
  • Marcuse, P. (1985). Gentrification, abandonment, and displacement: Connections, causes, and policy responses in New York City. Wash. UJ Urb. & Contemp. L, 28, 195. https://openscholarship.wustl.edu/cgi/viewcontent.cgi?article=1396&context=law_urbanlaw
  • Mermet, A. (2017). Tourism gentrification in time of crisis: The case of Reykjavik. In M. Gravari-Barbas & S. Guinand (Eds.), Tourism and gentrification in contemporary metropolises: International perspectives (pp. 52–74). Routledge.
  • Milano, C. (2018). Overtourism, malestar social y turismofobia. Un debate controvertido. PASOS. Revista de Turismo y Patrimonio Cultural, 18(3), 551–564. https://doi.org/10.25145/j.pasos.2018.16.041
  • Murray, I. (2015). Capitalismo y turismo en España. Del «milagro económico» a la «gran crisis» (Vol. 9). http://hdl.handle.net/10045/47835
  • Naredo, J. M., & Montiel, A.(2011). El modelo inmobiliario español: Y su culminación en el caso Valenciano. Icaria.
  • Nieuwland, S., & Van Melik, R. (2020). Regulating Airbnb: How cities deal with perceived negative externalities of short-term rentals. Current Issues in Tourism, 23(7), 811–825. https://doi.org/10.1080/13683500.2018.1504899
  • Nofre, J., Giordano, E., Eldridge, A., Martins, J. C., & Sequera, J. (2017). Tourism, nightlife and planning: Challenges and opportunities for community liveability in La Barceloneta. Tourism Geographies, 1–20. https://doi.org/10.1080/14616688.2017.1375972
  • Nofre, J., & Martins, J. C. (2017). The disneyfication of the neoliberal urban night. Keep It Simple Make It Fast!, 1, 113–124. https://research.unl.pt/ws/portalfiles/portal/4336620/J_Nofre_J_Martins_Disneyfication.pdf
  • OECD. (2016). OECD Tourism Trends and Policies 2016. OECD Publishing. https://doi.org/10.1787/tour-2016-en
  • Robertson, D., Oliver, C., & Nost, E. (2020). Short-term rentals as digitally-mediated tourism gentrification: Impacts on housing in New Orleans. Tourism Geographies, 1–24. https://doi.org/10.1080/14616688.2020.1765011
  • Ronald, R., & Kadi, J. (2018). The revival of private landlords in Britain’s post-homeownership society. New Political Economy, 23(6), 786–803. https://doi.org/10.1080/13563467.2017.1401055
  • Sadowski, J. (2020). The internet of landlords: Digital platforms and new mechanisms of rentier capitalism. Antipode, 52(2), 562–580.
  • Schäfer, P., & Braun, N. (2016). Misuse through short-term rentals on the Berlin housing market. International Journal of Housing Markets and Analysis, 9(2), 287–311. https://doi.org/10.1108/IJHMA-05-2015-0023
  • Sequera, J., & Nofre, J. (2018). Shaken, not stirred. City, 22(5–6), 843–855. https://doi.org/10.1080/13604813.2018.1548819
  • Sequera, J., Nofre, J., Díaz-Parra, I., Gil, J., Yrigoy, I., Mansilla, J., & Sánchez, S. (2022). The impact of COVID-19 on the short-term rental market in Spain: Towards flexibilization? Cities, 130, 103912. https://doi.org/10.1016/j.cities.2022.103912
  • Shaw, J. (2020). Platform real estate: Theory and practice of new urban real estate markets. Urban Geography, 41(8), 1037–1064.
  • Smith, N. (1996). The new urban frontier: Gentrification and the revanchist city. Routledge.
  • Souther, J. M. (2007). The disneyfication of New Orleans: The French Quarter as facade in a divided city. The Journal of American History, 94(3), 804–811. https://doi.org/10.2307/25095142
  • Tulumello, S., & Allegretti, G. (2021). Articulating urban change in Southern Europe: Gentrification, touristification and financialization in Mouraria, Lisbon. European Urban and Regional Studies, 28(2), 111–132. https://doi.org/10.1177/0969776420963381
  • UNWTO. (2020). World tourism organization underscores tourism’s importance for COVID-19 recovery in audience with the King of Spain. https://www.unwto.org/news/unwto-underscores-tourisms-importance-for-covid-19-recovery-in-meeting-with-the-king-of-spain
  • Wachsmuth, D., & Weisler, A. (2018). Airbnb and the rent gap: Gentrification through the sharing economy. Environment and Planning A: Economy and Space, 50(6), 1147–1170. https://doi.org/10.1177/0308518X18778038
  • Yrigoy, I. (2018). Rent gap reloaded: Airbnb and the shift from residential to touristic rental housing in the Palma old quarter in Mallorca, Spain. Urban Studies, 1–18. https://doi.org/10.1177/0042098018803261

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.