Paris à tous prix. Analyse des inégalités par une géographie de l'investissement sur le marché immobilier résidentiel en Île-de-France.

Abstract : In recent years, property ownership emerged as a central feature for asset accumulation and increasing social inequalities in advanced capitalist economics, especially in metropolitan areas. The Greater Paris is one emblematic case of these processes which contribute to the increase of socio-spatial differentiation. However, neither the role of the real estate market in the production of inequalities nor the spatiality of this phenomenon has been thoroughly studied. This thesis seeks to evaluate the modalities and channels through which the housing market produces inequalities. For this purpose, it introduces the concept of market regimes, both for categorizing homogeneous products of real estate investments and foregrounding an empirical geography of the market. Furthermore, the thesis suggests a theoretical framework for understanding how these inequalities are inherent to the functioning of the market. Real estate transactions for the Greater Paris metropolitan area, recorded between 1996 and 2012 and sourced from a notarial database, constitute the main material of investigation. Spatial analysis, multivariate statistics and mapping reveal how the geography of the housing market unfolds through different market regimes that have their own logic of price formation. Results highlight three forms of inequality produced by the market. The first one is spatial and understood as the production of unequal areas of accumulation, which depend on the logics of real estate investment and rent capture. The second form is social : unequal spatial accumulation contributes to the reproduction and reinforcement of social stratification. The third one is socio-spatial : the housing market strengthens the social division of space and, in some cases, encourages the spatial exclusion of working-class groups. Building on its theoretical framework and borrowing from the field of economic sociology, the thesis suggests some explanatory hypotheses based on the notion of qualification. This notion enables to interpret investment dynamics under the lenses of the strategies and practices of intermediate actors, who aim at matching supply with demand. This matching, which operates through the categorization of assets, sellers and buyers, defines ahead of the actual transaction, investment products. This process of qualification is based on the filtering and stratification of buyers by the credit system, and on performative, professional judgments and opinions structured on the internal differentiations of the metropolitan area.
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Submitted on : Thursday, September 26, 2019 - 4:34:47 PM
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Thibault Le Corre. Paris à tous prix. Analyse des inégalités par une géographie de l'investissement sur le marché immobilier résidentiel en Île-de-France.. Géographie. Université Paris 1 - Panthéon Sorbonne, 2019. Français. ⟨tel-02298354⟩

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