The globalization of housing finance led to the global financial crisis, which has created new barriers to adequate and affordable housing. It presents major challenges for current housing law and policy, as well as for the development of housing rights. This book examines and discusses key contemporary housing issues in the context of today’s globalized housing systems. The book takes up the challenge of developing a new paradigm, working towards the possibility of an alternative future. Revolving around three constellations of writing by diverse contributors, each chapter sets out a clear and developed approach to contemporary housing issues. The first major theme considers the crisis in mortgage market regulation, the development of mortgage securitization and comparisons between Spain and Ireland, two countries at the epicentre of the global housing market crisis. The second thematic consideration focuses on housing rights within the European human rights architecture, within national constitutions, and those arising from new international instruments, with their particular relevance for persons with disabilities and developing economies. The third theme incorporates an examination of responses to the decline and regeneration of inner cities, legal issues around squatting in developed economies, and changes in tenure patterns away from home-ownership. This topical book will be valuable to those who are interested in law, housing rights and human rights, policy-making and globalization.
’This timely volume links contributions addressing the housing crisis in key European jurisdictions, with major issues in housing worldwide. On its own, each contribution adds welcome depth to our understanding; as a whole the volume strikingly illustrates the connections among legal frameworks, financial policy, and social pressures on the availability and security of housing across the world.’ Jessie Hohmann, Queen Mary University of London, UK ’This book presents a timely, comprehensive and incisive analysis of the impact of globalization and the recent financial crisis on the domestic housing policies and capacities of nation states. In the best traditions of socio-legal scholarship, it blends doctrinal analysis with empirical evidence and sophisticated policy recommendations to offer constructive guidance for legislators as they confront the challenge of housing disadvantage.’ Brendan Edgeworth, University of New South Wales, Australia ’The deregulation, liberalization and internationalization of finance have had major implications for housing and urban developments throughout the world. The financialization� of housing has been accompanied by the conceptual transformation of adequate housing from a social good into a commodity and financial asset and housing markets are increasingly regulated so as to promote financial rather than social aspects of housing. This book analyses how this process has impacted on violations of the right to adequate housing in different countries and regions. More than understanding the situation, the book offers alternatives and perspectives, crucial in the current housing crisis.’ Raquel Rolnik, UN Special Rapporteur on the right to adequate housing and University of Sao Paolo, Brazil