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Sustainability 2010, 2(6), 1571-1601; doi:10.3390/su2061571
Article

The Real Estate and Economic Crisis: An Opportunity for Urban Return and Rehabilitation Policies in Spain

Received: 18 April 2010; in revised form: 10 May 2010 / Accepted: 14 May 2010 / Published: 3 June 2010
(This article belongs to the Special Issue Land Use and Sustainability)
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Abstract: In the early 1980s, suburbanization and periurbanization processes became widespread in major cities within Spain. An interesting stage of returning to city centers commenced that materialized in the start of rehabilitation policies within historic centers. These processes coincided with weak population growth, an acute industrial economic crisis, and new democratic policies in municipal councils. Three decades later, we may be witnessing similar processes, although with different origins. The consequences of a construction-based economic model have been disastrous in Spain, from both an economic as well as an environmental point of view. The artificial land boom was significant throughout the country, but was especially prominent within the Mediterranean areas that specialize in tourism and real estate (second homes). The burst of the real estate bubble has shown the irrationality of the economic model and the serious social and environmental consequences that the model has entailed. Within this context, some of the territorial transformation processes that occurred in Spain during the real estate boom period are being studied for the first time. Additionally, changes in land policies (urban renewal of centers and urban renewal in general) within the current economic and real estate crisis are analyzed. An urban rehabilitation that gradually includes new spaces for intervention and for introducing new sustainable methods for recovering degraded spaces, such as the Master Plan for Platja de Palma, a mature tourism destination that seeks a final ‘0 CO2 balance’ scenario, among other objectives.
Keywords: metropolitanization; sprawling city; housing prices; development of artificial land; urban rehabilitation metropolitanization; sprawling city; housing prices; development of artificial land; urban rehabilitation
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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MDPI and ACS Style

Pérez, J.M.G. The Real Estate and Economic Crisis: An Opportunity for Urban Return and Rehabilitation Policies in Spain. Sustainability 2010, 2, 1571-1601.

AMA Style

Pérez JMG. The Real Estate and Economic Crisis: An Opportunity for Urban Return and Rehabilitation Policies in Spain. Sustainability. 2010; 2(6):1571-1601.

Chicago/Turabian Style

Pérez, Jesús M. González. 2010. "The Real Estate and Economic Crisis: An Opportunity for Urban Return and Rehabilitation Policies in Spain." Sustainability 2, no. 6: 1571-1601.


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