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Title: National housing strategy and market mediation in London
Author: Stirling, Phoebe Rachel
ISNI:       0000 0004 8507 5334
Awarding Body: UCL (University College London)
Current Institution: University College London (University of London)
Date of Award: 2019
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We hear that the housing market in the UK is broken. This break down has been associated with a shift in the function of housing from a 'utility' to an 'asset', or 'asset- based welfare'. But the 'assetisation of housing' operates both at the local and the national levels. How are these levels related to one another? The study aims to expand our understanding of the emergence and development of housing 'as an asset', how this has become part of national housing strategy, and how this then operationalised to function at market level. By analysing some of the work that goes into the 'refunctioning' or 'assetisation' of housing in London, the study brings into sharper focus the relationship between the local housing market and broader political and economic restructuring. The thesis traces part of the political economy of 'assetisation', through the emergence, institutionalisation and operationsalisation of housing as an asset at both national and market levels and reveals an interplay between these two realms. It first traces how the asset function of housing gradually became embedded in housing strategy and discourse during the twentieth and twenty-first centuries. It then moves on to analysis of market mediation in London, revealing the various ways that estate agents act as investment mediators, channelling different kinds of people and capital into different kinds of housing. Housing has historically been - and continues to be - used as a mediator between individuals and national economic strategy. As the strategic function of housing as an asset continues to change, agents continue to draw on these changing structures in their working operations. The operation of housing markets therefore acts as a mechanism to serve different strategic functions, promoting different kinds of investment into the national economy.
Supervisor: Gallent, N. ; Tomaney, J. Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available