Acknowledgements
List of Figures and Tables
Acronyms and Abbreviations
1 General Introduction and Methodology
1 What Is This Book About?
2 Background
3 Analytical Framework and Methodology
4 An Intermediate (Operational) Methodology: from ‘Structures of Housing Provision’ to ‘Systems of Provision’
4.1 Structures of Housing Provision Approach
4.2 Systems of Provision Approach
5 Data Collection
6 The Structure of the Book
2 Ground Rent and Housing
1 Marx’s Theory of Agricultural Rent
1.1 Differential Rent
1.2 Absolute Rent
1.3 Monopoly Rent
2 Ground Rent in Urban Land
3 Ground Rent in Urban Residential Land
4 Scarcity, Monopoly Rent and Housing
5 Ground Rent and Housing Sub-markets
6 Housing, Ground Rent and Capital Accumulation
6.1 Localised Monopoly Rent (Development Gains) vs. General Monopoly Rent
7 Conclusion
3 A Theoretical Investigation for Financialisation with a Focus on Financialisation of Housing Provision
1 Financialisation: an Explanandum or Explanans?
1.1 Analytical: Understanding Financialisation through Marx’s Theory of Money and Finance
1.2 Historical: Thinking Financialisation within and through Neoliberalism
1.3 Uneven and Combined Development of Financialisation
2 Intensive and Extensive Expansion of Finance
2.1 Financialisation of Social Reproduction
3 Financialisation of Housing
3.1 Housing Development Finance
3.2 House Purchase Finance
3.3 Social Housing
4 Conclusion
4 Neoliberal Transformation and Financialisation in Turkey through an Authoritarian Form of State
1 Capitalist State as the Condensation of Class Relationship
2 The Transition to Neoliberalism and Financialisation in Turkey: from 1980 to 2001
3 The Consolidation and Institutionalisation of Neoliberalism and Financialisation in Turkey: Post-2001 Period
4 Conclusion
5 Housing Provision in Turkey — a Historical Overview
1 1950–1980: Housing SoP under isi
2 1980–2001: Housing SoP in the Early Phase of Neoliberalism
3 Conclusion
6 State in Housing Provision
1 toki as a Particular Articulation of Political and Economic Intervention
2 Land
3 Planning
4 Housing Provision: Is toki a Robin Hood or an Unrivalled Monopoly?
5 Emlak Konut reit
6 Finance of toki
7 Urban Transformation: from Slum Upgrading to Mass Regeneration
8 Conclusion
7 Consumption of Housing
1 Housing Purchase Finance and Mortgage Boom?
2 Two Sides of the Same Coin: Financial Inclusion and Exclusion
3 Alternative Searches for Further Financial Inclusion: a Shadow Banking-System in Turkey
4 Effective Demand in Housing
5 Residential Land and House Price Inflation
6 Housing as a Speculative Investment Tool: Consumption of Housing for the Appropriation of Monopoly Rents
7 Housing Inequality: Wealth Effect and Crisis of Social Reproduction
8 Conclusion
8 Production of Housing
1 A Bird’s Eye Shot to the Housing Supply-Side Dynamics in the Post-2002 Era
2 Housing Developers and Housing Production Process
3 Housing Development Finance
4 The Volume of Housing Production and Housing Stock
5 Construction Move: a Political Project and a Macroeconomic Tool
6 Conclusion
9 Conclusion
Appendix 1 Interview Schedule and Codes
Appendix 2 Distribution of Non-institutional Population by Equivalised Household Disposable Median Income Groups and Housing Living Conditions Indicators (2006–2018)
Appendix 3 Divergence between Construction Costs and House Prices in Turkey (June 2016–September 2018)
Bibliography
Index
