Financialization of housing and the right to adequate housing 2017, para. 3
Párrafo- Paragraph text
- Housing and commercial real estate have become the "commodity of choice" for corporate finance and the pace at which financial corporations and funds are taking over housing and real estate in many cities is staggering. The value of global real estate is about US$ 217 trillion, nearly 60 per cent of the value of all global assets, with residential real estate comprising 75 per cent of the total. In the course of one year, from mid-2013 to mid-2014, corporate buying of larger properties in the top 100 recipient global cities rose from US$ 600 billion to US$ 1 trillion. Housing is at the centre of an historic structural transformation in global investment and the economies of the industrialized world with profound consequences for those in need of adequate housing.
- Condicón jurídica
- Non-negotiated soft law
- Organismo
- Special Rapporteur on adequate housing as a component of the right to an adequate standard of living
- Tipo de documento
- Special Procedures' report
- Medio de adopción
- N.A.
- Temas
- Economic Rights
- Governance & Rule of Law
- Personas afectadas
- N.A.
- Año
- 2017
- Tipo de párrafo
- Other
- Reference
- SR Housing, Report to the HRC (2017), A/HRC/34/51, para. 3.
- Paragraph number
- 3
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