Uploaded on 2018-11-26 by Miguel Silva

Contrary to traditional dynamics in which local landlords (Church -as in the image-, aristocracy, landed gentry) would develop their land according to local demand, new developments respond to broader macroeconomic trends. Multinational investment companies are developing office and Build-to-rent schemes (left and right on the image) not just because there is high demand, but because post-reccession markets and political turmoil lowering the pound/euro exchange rate has made real estate a more secure investment than bonds. Global markets are thus seen to have a very high impact on urban form.