DIRECTIONS OF THE FINANCIALIZED PRODUCTION OF URBAN SPACE: THE BRAZILIAN CASE AS A COUNTERPOINT TO A STANDARD

Authors

DOI:

https://doi.org/10.36661/2448-1092.2015v12n20.11954

Keywords:

Financialization, Real Estate Market, Minha Casa Minha Vida

Abstract

Discussions regarding the financialization of real estate activity in Brazil are impoverished by the adoption of the US subprime mortgage market as a standard case. The financialization of the real estate market did not advance on the demand side through mortgage lending, but it occurred instead through developers’ closer ties with the stock exchange, which proved to be a stimulus to new housing supply. As opposed to what defines the US case, in Brazil public subsidies have been crucial to stabilizing the relationship between listed developers and their shareholders, as the public housing program Minha Casa Minha Vida plugged the gap between the sector’s output and the size of existing demand.

Author Biographies

  • César Ricardo Simoni Santos, Universidade de São Paulo - USP

    Departamento de Geografia e Programa de Pós-graduação em Geografia Humana da Universidade de São Paulo

  • Daniel Sanfelici, Universidade Federal Fluminense - UFF

    Professor Adjunto da Universidade Federal Fluminense e ao Núcleo de Estudos e Pesquisas Urbanas (NEURB).

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Published

06-01-2021

Issue

Vol. 12 No. 20 (2015): Leituras sobre a cidade

Section

Articles

License

CIDADES is licensed under the Creative Commons Attribution 4.0 International License. The journal will not promote any form of remuneration for copyright and authors, when submitting their texts, confirm knowledge about their disclosure in open access. Likewise, CIDADES will not charge authors any publication or review fees. The authors are the copyright holders of the texts published in the journal.

How to Cite

SANTOS, César Ricardo Simoni; SANFELICI, Daniel. DIRECTIONS OF THE FINANCIALIZED PRODUCTION OF URBAN SPACE: THE BRAZILIAN CASE AS A COUNTERPOINT TO A STANDARD. Cidades, Brasil, v. 12, n. 20, 2021. DOI: 10.36661/2448-1092.2015v12n20.11954. Disponível em: https://periodicos.uffs.edu.br/index.php/cidades/article/view/11954. Acesso em: 5 dec. 2025.

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