Institut français de recherche sur le Japon à la Maison franco-japonaise (Umifre 19, MEAE-CNRS)

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Encouraged by public-led renewal policies that were introduced at the turn of the 2000s, private real estate developers expanded their production of large housing complexes subjected to ownership accession schemes towards working-class suburbs within French metropolitan areas, which significantly changed as a result. Our communication focuses on the technical and political frameworks as well as the marketing strategies behind the production of these projects, then analyses individual choices to invest in there. Relying on the observation of projects situated in three low-income, working class municipalities of the Greater Paris region, we conduct a geographical analysis based on real estate transaction data and on semi-structured interviews with a panel of homeowners. We will show how such urban production logics are conducive to a reproduction of urban segregation, which stems in part from the strategies of developers who select households on the basis of an evaluation of financial risk criteria carried out by the mortgage industry. From the purchasers’ viewpoint, homeownership does not always increase residential position, nor guarantee accumulation, so that the specificities of this market segment lead to difficulties for households with scarce resources.

Thibault LE CORRE is a post-doc researcher in Geography at the Research Centre in Economics and Sociology for the Study of Agricultural and Rural Spaces (CESAER), French National Institute for Agriculture, Food and Environment. (INRAE) He examines the outcomes of real estate markets dynamics on the spatio-temporal production of wealth inequalities.

Moderator: Sophie BUHNIK
Organization: FRIJ-MFJ
With the support of the CNRS (French National Center for Scientific research), within the framework of the International Emerging Action “Inheriting Degrowth? A comparative Analysis of Real Estate Transactions and Dynamics of Shrinking Housing Markets in Japan's and France's major urban areas”.