Blue in Green: The impact of status raising greenspace on the housing market of Västra Hamnen, Malmö
(2023) SGEL36 20231Department of Human Geography
- Abstract
- The area of Västra Hamnen within Malmö municipality has since the area’s reconstruction, from industrial harbour grounds into a residential area in 2001, been regarded as the city’s frontrunner in sustainable urban planning. In this role the area has worked to garner much international attention for Malmö, while at the same time becoming one of the most exclusive areas in the city, with some of the most expensive housing prices. After a sharp decline in the local housing prices in 2011, and the revision of the area’s planning policy regarding the implementation of green/blue infrastructure, the housing prices rose once again, with over a million in average sales prices over a nine-year period, from 2013 to 2019. This thesis argues that a... (More)
- The area of Västra Hamnen within Malmö municipality has since the area’s reconstruction, from industrial harbour grounds into a residential area in 2001, been regarded as the city’s frontrunner in sustainable urban planning. In this role the area has worked to garner much international attention for Malmö, while at the same time becoming one of the most exclusive areas in the city, with some of the most expensive housing prices. After a sharp decline in the local housing prices in 2011, and the revision of the area’s planning policy regarding the implementation of green/blue infrastructure, the housing prices rose once again, with over a million in average sales prices over a nine-year period, from 2013 to 2019. This thesis argues that a contributing factor to the post 2013 rise in housing prices within the area is the use of greenspace as a status raising element, as a part of the revised planning policy. This policy benefits both developers within the area and the municipality in the long term, through higher profit margins, increased demand within the area, and strengthening of the area’s brand, which contributes to Malmö’s larger city marketing project. At the same time, using greenspace as a status raising element decreases the affordability of housing for the city’s residents. In analysing the greenspace’s effect on the housing market Neil Smith’s ‘Rent Gap Theory’ is employed, and attractive greenspace is argued to be a mechanism in closing the rent gap, created in the area by the 2011 capital depreciation. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/9125051
- author
- Bjelkedal, Arvid LU
- supervisor
- organization
- course
- SGEL36 20231
- year
- 2023
- type
- M2 - Bachelor Degree
- subject
- language
- English
- id
- 9125051
- date added to LUP
- 2024-07-26 13:48:05
- date last changed
- 2024-07-26 13:48:05
@misc{9125051,
abstract = {{The area of Västra Hamnen within Malmö municipality has since the area’s reconstruction, from industrial harbour grounds into a residential area in 2001, been regarded as the city’s frontrunner in sustainable urban planning. In this role the area has worked to garner much international attention for Malmö, while at the same time becoming one of the most exclusive areas in the city, with some of the most expensive housing prices. After a sharp decline in the local housing prices in 2011, and the revision of the area’s planning policy regarding the implementation of green/blue infrastructure, the housing prices rose once again, with over a million in average sales prices over a nine-year period, from 2013 to 2019. This thesis argues that a contributing factor to the post 2013 rise in housing prices within the area is the use of greenspace as a status raising element, as a part of the revised planning policy. This policy benefits both developers within the area and the municipality in the long term, through higher profit margins, increased demand within the area, and strengthening of the area’s brand, which contributes to Malmö’s larger city marketing project. At the same time, using greenspace as a status raising element decreases the affordability of housing for the city’s residents. In analysing the greenspace’s effect on the housing market Neil Smith’s ‘Rent Gap Theory’ is employed, and attractive greenspace is argued to be a mechanism in closing the rent gap, created in the area by the 2011 capital depreciation.}},
author = {{Bjelkedal, Arvid}},
language = {{eng}},
note = {{Student Paper}},
title = {{Blue in Green: The impact of status raising greenspace on the housing market of Västra Hamnen, Malmö}},
year = {{2023}},
}