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How do the processes linked to the urban property markets influence the social, economic and geographical patterns of modern cities?
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How do the processes linked to the urban property markets influence the social, economic and geographical patterns of modern cities? The subject of this essay shall be, as stated above, an examination of the ways in which the urban property markets influence the patterns within cities. Such markets are not a naturally occurring laissez-faire phenomenon, but are manipulated and controlled in a variety of ways. Government, developers, powerful business persons, international (e.g. European) legislation and local pressure groups can all have an influence on the above markets. It is important to note that housing is not merely a physical phenomenon, but is also a social and personal one. It is notably the individuals personal, private sphere within a busy, crowded city. In the context of housing this space is known as defensible space, which is defined as Newman as space in which"latent territoriality and sense of community in the inhabitants...
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