Forces impacting the real estate market environment in shrinking cities: possible drivers of future development

dc.contributorAalto-yliopistofi
dc.contributorAalto Universityen
dc.contributor.authorKiviaho, Annamarien_US
dc.contributor.authorToivonen, Saijaen_US
dc.contributor.departmentDepartment of Built Environmenten
dc.contributor.groupauthorReal Estateen
dc.date.accessioned2022-09-14T05:54:28Z
dc.date.available2022-09-14T05:54:28Z
dc.date.embargoinfo:eu-repo/date/embargoEnd/2024-03-08en_US
dc.date.issued2023en_US
dc.description.abstractUrban shrinkage poses significant challenges to Real Estate markets in Shrinking Cities and has multiple negative impacts on society, environment and economy. Although major cities are growing rapidly, a significant volume of building stock and population will endure in shrinking cities in the future. To enhance the resilience of local real estate markets and communities, forces that offer novel possibilities for shrinking cities should be actively studied. This study deepens understanding of the forces affecting the real estate market environments of Shrinking Cities by examining the public discourse and the perceptions of local market participants, both of which steer future market development. To identify and analyse these forces, an environmental scanning method was employed, using as data sources 872 Finnish newspaper articles and 45 interviews with market actors in eight Shrinking Cities in Finland. The results categorise the identified forces under three themes that describe the drivers of future market development. The findings indicate that, although the Real Estate markets of Shrinking Cities face challenges, forces such as telecommuting, multi-local living and emerging industries may offer new opportunities and slow urban shrinkage. The findings may be utilised to steer the development of Shrinking Cities in a more resilient direction.en
dc.description.versionPeer revieweden
dc.format.extent23
dc.format.mimetypeapplication/pdfen_US
dc.identifier.citationKiviaho, A & Toivonen, S 2023, ' Forces impacting the real estate market environment in shrinking cities: possible drivers of future development ', European Planning Studies, vol. 31, no. 1, pp. 189-211 . https://doi.org/10.1080/09654313.2022.2121604en
dc.identifier.doi10.1080/09654313.2022.2121604en_US
dc.identifier.issn0965-4313
dc.identifier.issn1469-5944
dc.identifier.otherPURE UUID: 0019a0a7-446b-4cd4-9d5d-8b2e921debaden_US
dc.identifier.otherPURE ITEMURL: https://research.aalto.fi/en/publications/0019a0a7-446b-4cd4-9d5d-8b2e921debaden_US
dc.identifier.otherPURE LINK: http://www.scopus.com/inward/record.url?scp=85138293569&partnerID=8YFLogxKen_US
dc.identifier.otherPURE FILEURL: https://research.aalto.fi/files/88056997/ENG_Kiviaho_and_Toivonen_Forces_Impacting_the_Real_Estate_Market_Environment_European_Planning_Studies.pdfen_US
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/116753
dc.identifier.urnURN:NBN:fi:aalto-202209145557
dc.language.isoenen
dc.publisherTAYLOR & FRANCIS
dc.relation.ispartofseriesEuropean Planning Studiesen
dc.rightsopenAccessen
dc.subject.keywordshrinking citiesen_US
dc.subject.keywordreal estate marketen_US
dc.subject.keywordfuture studiesen_US
dc.subject.keywordenvironmental scanningen_US
dc.titleForces impacting the real estate market environment in shrinking cities: possible drivers of future developmenten
dc.typeA1 Alkuperäisartikkeli tieteellisessä aikakauslehdessäfi
Files