v7 Financialization and the assetization the private rental real estate
sectors - the case of Liverpool
Abstract
This research uses key actor interviews to construct a theoretical model
with which we examine the impacts of foreign direct investment (FDI)
from secrecy jurisdictions into Liverpool’s private rental real estate
sector. We found that the key actors in our interviews were informed to
different degrees about the role of secrecy jurisdictions and did not
differentiate between the different types of FDI. All of the
interviewees identified FDI as a major factor influencing urban
regeneration trajectories and their impact on communities and the city.
Thus, while we sought to focus attention on offshore financial flows,
the key actors focussed our attention on the several regeneration
projects that have been undertaken in the city. The model encompasses
economic, housing, and community dynamics, highlighting the tensions and
concerns raised by different actors.