Reurbanization and Spatially Polarized Land Markets – An Analysis of Urban Land-Value Changes in North Rhine-Westphalia, Germany, 2012–2024
In recent years, land prices in Germany have skyrocketed to levels that were hardly thought possible. This has particularly affected prospering cities, where price increases of more than 100 % have often been recorded since the turn of the millennium. The underlying causes are highly controversial....
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | deu |
| Published: |
oekom verlag GmbH
2025-02-01
|
| Series: | Raumforschung und Raumordnung |
| Subjects: | |
| Online Access: | https://rur.oekom.de/index.php/rur/article/view/2975 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1823857111495344128 |
|---|---|
| author | Stefan Siedentop Maximilian Schartmann |
| author_facet | Stefan Siedentop Maximilian Schartmann |
| author_sort | Stefan Siedentop |
| collection | DOAJ |
| description |
In recent years, land prices in Germany have skyrocketed to levels that were hardly thought possible. This has particularly affected prospering cities, where price increases of more than 100 % have often been recorded since the turn of the millennium. The underlying causes are highly controversial. While some scholars point to the scarcity of developable land due to regulatory restrictions, others see the “financialization” of housing markets in the wake of the financial crisis and the massive influx of liquid capital into land and housing markets as the decisive driver. Against this background, this paper investigates the spatial patterns of land price dynamics in North Rhine-Westphalia during a phase of strong demographic and economic reurbanization. We used disaggregated data from the BORIS system for the years 2012 to 2024, which is available state-wide and georeferenced. Our empirical findings point to a significant trend of market polarization, with excessive growth rates in prospering metropolitan areas and real value losses in some rural areas. Overall, the paper offers new insights into the spatial patterns of urban land markets and possible driving factors explaining uneven developments.
|
| format | Article |
| id | doaj-art-11d832edf3664e10a4143be638cfae49 |
| institution | Kabale University |
| issn | 0034-0111 1869-4179 |
| language | deu |
| publishDate | 2025-02-01 |
| publisher | oekom verlag GmbH |
| record_format | Article |
| series | Raumforschung und Raumordnung |
| spelling | doaj-art-11d832edf3664e10a4143be638cfae492025-02-11T23:11:26Zdeuoekom verlag GmbHRaumforschung und Raumordnung0034-01111869-41792025-02-0110.14512/rur.2975Reurbanization and Spatially Polarized Land Markets – An Analysis of Urban Land-Value Changes in North Rhine-Westphalia, Germany, 2012–2024Stefan Siedentop0Maximilian Schartmann1Technische Universität DortmundTechnische Universität Dortmund In recent years, land prices in Germany have skyrocketed to levels that were hardly thought possible. This has particularly affected prospering cities, where price increases of more than 100 % have often been recorded since the turn of the millennium. The underlying causes are highly controversial. While some scholars point to the scarcity of developable land due to regulatory restrictions, others see the “financialization” of housing markets in the wake of the financial crisis and the massive influx of liquid capital into land and housing markets as the decisive driver. Against this background, this paper investigates the spatial patterns of land price dynamics in North Rhine-Westphalia during a phase of strong demographic and economic reurbanization. We used disaggregated data from the BORIS system for the years 2012 to 2024, which is available state-wide and georeferenced. Our empirical findings point to a significant trend of market polarization, with excessive growth rates in prospering metropolitan areas and real value losses in some rural areas. Overall, the paper offers new insights into the spatial patterns of urban land markets and possible driving factors explaining uneven developments. https://rur.oekom.de/index.php/rur/article/view/2975Land pricesLand marketHousing costsLand useReurbanization North Rhine-Westphalia |
| spellingShingle | Stefan Siedentop Maximilian Schartmann Reurbanization and Spatially Polarized Land Markets – An Analysis of Urban Land-Value Changes in North Rhine-Westphalia, Germany, 2012–2024 Raumforschung und Raumordnung Land prices Land market Housing costs Land use Reurbanization North Rhine-Westphalia |
| title | Reurbanization and Spatially Polarized Land Markets – An Analysis of Urban Land-Value Changes in North Rhine-Westphalia, Germany, 2012–2024 |
| title_full | Reurbanization and Spatially Polarized Land Markets – An Analysis of Urban Land-Value Changes in North Rhine-Westphalia, Germany, 2012–2024 |
| title_fullStr | Reurbanization and Spatially Polarized Land Markets – An Analysis of Urban Land-Value Changes in North Rhine-Westphalia, Germany, 2012–2024 |
| title_full_unstemmed | Reurbanization and Spatially Polarized Land Markets – An Analysis of Urban Land-Value Changes in North Rhine-Westphalia, Germany, 2012–2024 |
| title_short | Reurbanization and Spatially Polarized Land Markets – An Analysis of Urban Land-Value Changes in North Rhine-Westphalia, Germany, 2012–2024 |
| title_sort | reurbanization and spatially polarized land markets an analysis of urban land value changes in north rhine westphalia germany 2012 2024 |
| topic | Land prices Land market Housing costs Land use Reurbanization North Rhine-Westphalia |
| url | https://rur.oekom.de/index.php/rur/article/view/2975 |
| work_keys_str_mv | AT stefansiedentop reurbanizationandspatiallypolarizedlandmarketsananalysisofurbanlandvaluechangesinnorthrhinewestphaliagermany20122024 AT maximilianschartmann reurbanizationandspatiallypolarizedlandmarketsananalysisofurbanlandvaluechangesinnorthrhinewestphaliagermany20122024 |