Challenges in urban property development against the background of changes in the real estate industry Authors Susanne Heeg Institut für Geographie, Universität Hamburg, Bundesstraße 55, 20146, Hamburg DOI: https://doi.org/10.1007/BF03183877 Abstract Up to the 1980s, urban property development and management in Western Europe was structured by local conditions and actors. This has changed due to strengthened demand for office space, new forms of real estate financing and an increased market transparency as a consequence of political deregulation. At present, these changes go along with a mobilization of the urban property market and a shift from an use value perspective to an exchange value orientation. What kind of challenges and possibilities arise from these transformations for the urban property development? Does an increased importance of supraregional and shareholder value oriented property developers and investors imply a dependency of urban (property) development on mobile investments? In this article these questions will be answered by analyzing the effects of the reorganization of the real estate industry and the restructuring of urban policy. Downloads Download data is not yet available. References Adrian, H. (1998): Wer gestaltet die Stadt? In: Sauberzweig, D.; Laitenberger, W. (Hrsg.): Stadt der Zukunft — Zukunft der Stadt. — Baden-Baden BVI — Bundesverband Investment und Asset Management (2003): Offene Immobilienfonds: Mehrfache Risikostreuung federt konjunkturelle Auswirkungen ab. Pressemitteilung am 4. Juli 2003. — Frankfurt am Main Charney, I. (2001): Three Dimensions of Capital Switching within the Real Estate Sector: A Canadian Case Study. In: International Journal of Urban and Regional Research, Vol. 25, No. 4, pp. 740–758 Coakley, J. 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Diplomarbeit am Geographischen Institut der Universität Zürich und am Institut für Raum und Landschaftsentwicklung der ETH Zürich. — Zürich Downloads PDF (German) Published 2003-09-30 Issue Vol. 61 No. 5 (2003) Section Research Article License Copyright (c) 2003 RuR Editors This work is licensed under a Creative Commons Attribution 3.0 Unported License. Articles in Raumforschung und Raumordnung – Spatial Research and Planning are published under a Creative Commons license. From Vol. 79 No. 2 (2021), the license applied is CC BY 4.0. From Vol. 77 No. 1 to Vol. 79 No.1, articles were published under a CC BY-SA license. Earlier volumes have been re-published by oekom 2022 under the Creative Commons Attribution 4.0 International License CC BY 4.0. How to Cite 1.Heeg S. Challenges in urban property development against the background of changes in the real estate industry. RuR [Internet]. 2003 Sep. 30 [cited 2025 Mar. 25];61(5):334–344. 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