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Over a long period, even low inflation has an impact on portfolio value and households’ purchasing power. In such a context, inflation hedging should remain an important issue for investors. In particular, long-term investors, who are concerned with the protection of their wealth, seek to hold effective hedging assets. This study aims to demonstrate that residential assets in “Grand Paris” are a hedge against inflation and particularly against its unexpected component.

In this study, the physical residential markets in 127 communes in Paris and the Parisian first-ring suburbs are considered as potential asset classes. We simplified the analysis by clustering the 127 communes into five homogenous groups using ascending hierarchical classification (AHC). Then, we test the hedging ability of these groups within a mixed asset portfolios using both correlation and regression analysis.

This paper presents an analysis of the “Grand Paris” housing market and its inflation hedging ability with comparison to other financial asset classes. Results show that the five housing groups act as a highly positive hedge against unexpected inflation. Furthermore, cash and bonds seem to provide, respectively, a partial and an over hedge against unexpected inflation. Stocks act as a perverse hedge against unexpected inflation and provide no significant hedge against expected inflation. Also, indirect listed real estate demonstrates little correlation with inflation, which makes us reject its hedging ability contrary to physical residential real estate.

The inflation topic: although several researches exist that question the hedging property of real estate, very few concentrate on physical residential assets and to the best of the authors’ knowledge, this study is the only one that targets the “Grand Paris” area. Residential assets of the “Grand Paris” communes are confirmed to be a hedge against inflation and particularly against its unexpected component thanks to its capital appreciation rather than income one. Also, we show that the listed real estate in France (Sociétés d’Investissement Immobilier Cotée) does not provide the same hedging properties contrary to the US real estate investment trusts (REITs) who demonstrate this ability. Listed real estate could thus not be used interchangeably with housing to protect from inflation in the French market.

Protection of investors against inflation and in particular in the face of its return to France in 2022. Reassuring promoters and investors of the interest of residential investment projects in “Greater Paris” and of the potential that this holds.

Inflation takes a chunk out of the purchasing power of money and thereby erodes the real value of people’s finance. Investors and households who seek protection from inflation erosion should invest in direct housing, and in particular within areas that are experiencing an effective metropolization process.

The originality of the study is precisely relative to the geographical area studied. The latter has experienced favorable economic conditions for several years and offers interesting fundamentals to explore and exploit in investment strategies that prove capable of protecting against imminent inflation. The database is specific to this project and has been built through the compilation of several sources and with the support of BNP Paribas Real Estate.

The purpose of this paper is to examine the adaptation strategies of inhabitants and the forms of participation they adopt in tourism activities in Paris. As public policies have recently recognized the importance of taking into account inhabitants in the tourism development strategy in Paris and its suburbs, this paper proposes an analysis of the different forms of this participation and its stakes for the territories.

This paper gathers the first results of a thesis work in anthropology that is based on an ethnographic method combining participant observation, semi-directive interviews and bibliographic work. Observations took place in Paris and in several cities of the Grand Paris with inhabitants involved in tourism activities, or who are experiencing a difficult cohabitation with tourists in their neighborhoods. Thus, some 40 semi-directive interviews were conducted with inhabitants, members of associations and entrepreneurs. There were also participatory observation works within public institutions, mainly at the Paris City Hall, as well as interviews with dozens of tourism professionals from the private, public and associative sectors.

Not all residents have the same commitment to tourism and they do not all want to meet visitors. The relationship of inhabitants to tourism is complex and heterogenous. Nevertheless, this research shows that the roles played by inhabitants are multiple: producers of tourist services, ambassadors for their city or neighborhood, the permanent resident can also be seen as a product that attracts visitors, and as a tourist himself. The permanent resident offers the possibility of going off the beaten track, and promotes the revalorization of the identity of a territory and its inhabitants.

The originality of this research lies in the choice to focus primarily on the point of view of the visited population in a European capital. Ethnographic work allows for the observation and analysis of practices, in order to understand the stakes of visitor/visitor cohabitation and to anticipate possible movements of anti-tourist rejections.

The proverbial administrative complexity of Paris and its region, which also includes a metropolitan authority since 2016, has not prevented multiple and rapid changes to take place in the last decade. A national government decision has initiated the construction of a new regional metropolitan public transportation infrastructure that has leveraged more than €15 billions of green bonds. Mounting environmental challenges are triggering new societal priorities and legal changes, heightened by the COVID-19 crisis context. Since 2014, projects and plans led by local governments to value nature-based solutions (NBS) have met a rising interest from national and international investors and developers, in a context of multiple climate and biodiversity initiatives from the private sector and the civil society. However, assessing their long-term value remains a challenge for both governments and researchers while the calls for nature to remain a common good stir new forms of vigorous social engagement. The Paris case shows that the art of creating NBS that maximize biodiversity and support CO₂ reduction at large metropolitan scale depends on two priorities. The first is strengthening global commitments. The second is refocusing existing massive investments in grey infrastructure systems, so far major drivers of public investments, as infrastructure for distribution, unlocking local biodiversity valuation potential, and supporting social innovation.

The purpose of this paper is to analyze the mechanisms involved in the progressive integration of marginal and peripheral urban areas, located close to established tourist destinations, into the visited tourism perimeter, and the interplay of the supporting public and private actors. It focusses on the intertwining processes of commercial gentrification, heritagization and aestheticization of former “ordinary” or marginal areas as tools for and indications of their tourism development. It explores how the metropolitan tourism geography is progressively redesigned.

Following a comprehensive literature analysis, the Saint-Ouen flea market was selected as the object of study. The methodology is based on extensive in situ observations, a systematic analysis of the press and a corpus of tourist guides and several in-depth interviews with local public and private stakeholders.

This paper shows that combined public (Parisian urban and tourism stakeholders) and private interests led to the integration in the tourism perimeter of a space that was once on the margins of the tourism and metropolitan area. It highlights the mechanisms of this integration and the link between touristification, gentrification, aestheticization and artification. It was found that private investors and political decision makers regard Saint-Ouen flea market as a major opportunity for tourism and real estate development, which leads to some contradictions regarding heritage protection. Finally, it shows that market traders opposed the evolution of a commercial place into a place of symbolic consumption. At another level, it shows the stakes of tourism diversification in a metropolitan tourism destination that is characterized by overtourism.

More studies are needed to identify not only the potential of flea markets to diversify tourist areas and practices, but also any potential resistance. The consequences on metropolitan tourism can be the subject of additional investigations: can this tourism diversification reduce overtourism in the centre, or is it only a diversification that functions as an additional driver of attractiveness? This research opens new perspectives on the modes of diversification (spatial and experiential) of metropolitan tourism as well as on the role that commercial changes play in these evolutions. It also makes it possible to question the modes of engagement of investors and traders in tourism.

This is an in-depth analysis of the case of Saint-Ouen flea market. The issues raised herein are applicable to similar peripheral urban areas, flea markets especially, that are rarely studied on the tourism-aestheticization-gentrification nexus. The analysis also shows the diversification of places and imaginaries of metropolitan tourism.

The landscape of European cities is by no means homogeneous. Nonetheless, the same type of conflict has repeatedly occurred in different places in the last few years: From Seville to Vienna, from Cologne to St. Petersburg, planned high-rise buildings for inner city districts have provoked fervent arguments and debates. Whether and how European cities should integrate more high-rise buildings is a highly controversial question. This chapter focuses on strategies of vertical construction and related debates about the cityscape in both Paris and Vienna. By studying the urban constellations of Paris and Vienna, it can be shown that what may look comparable at first glance is the outcome of highly different strategies and histories.

Although both cities define themselves to a wide degree with reference to historic structures, the image of tall buildings varies drastically in these cities, which correlates with these cities’ diverse histories and hence experiences with high-rise buildings. Path dependencies and the ways individual cities receive international trends are crucial to understanding processes of urbanization. Based on in-depth interviews with various urban actors and other relevant qualitative data, this chapter aims to demonstrate that a city’s high-rise strategy cannot be attributed to any single factor; rather, it is the result of a complex interplay between various aspects and actors, which crucially includes present and past struggles over cityscapes and therefore over urban spaces.

This chapter explores the role of iconic architecture in the development and promotion of urban megaprojects (UMPs) in globalizing cities. Iconic architecture is defined in terms of fame and aesthetic/symbolic significance. The argument is framed within the concept of the culture-ideology of consumerism. While the focus is on two case studies – the grands projets in Paris and UMPs in major Chinese cities since the 1980s – the chapter seeks to demonstrate the increasing importance of iconic architecture for UMPs around the world. The chapter utilizes official sources, scholarly research, and reports in the mass media to support the arguments, all within the context of a theoretical framework developed over the last two decades and widely published by the author, to explain how capitalist globalization works. Within the context of the culture-ideology of consumerism, the widely accepted rationale for capitalist globalization, the production and marketing of what has been increasingly identified as iconic architecture is the main route to achieving the profits – financial, political, and cultural – deemed necessary for the success of UMPs all over the world. The chapter presents the first available analysis of the key role of the transnational capitalist class in the production and marketing of iconic architecture in urban megaprojects, thereby offering a systemic explanation of the growth and characteristics of urban megaprojects in the era of capitalist globalization.

The chapter focuses on rural-urban food links in the context of governance. We seek to understand a rural-urban innovator mechanism is emerging through the food system and the renewed question of proximity and relative autonomy in the alimentary supply of this type of space and local society. We present case studies from Paris and Budapest metropolitan rural areas exploring institutional and private actors of governance, their power networks, food and related cultural components of rural-urban relations, the function of food links and the way in which they are governed. We have found several differences in governance methods between the Paris and Budapest metropolitan ruralities. The areas surrounding Paris are characterised by multi-level governance methods. However, an isolated form of rural governance of the rural-urban local food link can be identified in Budapest’s rural areas. Understanding the complex and dynamic interaction of food links and related activities within metropolitan areas offers the possibility of a far greater understanding of the complex and multiple links between sustainability, renewal of social interaction and cohesion.

Launched in the 1960s, the nine French New Towns are generally considered as a pragmatic response to the urban growth of the Paris region, before it was extended as a national policy to other regions (Merlin, 1997). If their creation is usually placed in the continuity of Ebenezer Howard’s Garden City Movement and of previous New Towns experiments, especially those conducted in England, this historical lineage has never been appreciated in terms of architectural and urban research. Were the French New Towns projects formulated against these early ideas and models or, on the contrary, planned in light of them? Moreover, what are the main characteristics of their projects, their points of resemblance and particularities? These questions, often raised by observers, cannot be answered without a comprehensive knowledge of each New Town’s story, which is not yet available. But a renewed comprehension of their common history can be proposed by analysing their creation in light of the French urban debate of the twentieth century, and by giving special attention to two housing projects which, in Évry and Le Vaudreuil, were presented as ‘landmark operations of contemporary urban planning’ (New Towns Program, 1971).

This paper aims to draw up the state of scientific knowledge in the field of Formula 1 with relation to tourism and urban studies.

This study is based on a systematic review of the scientific literature regarding this issue. Using targeted keywords and the analysis of various documentary databases, 8,075 references were identified and 40 documents were analyzed in an exhaustive manner.

This study presents a very nuanced portrait of the urban and tourism impacts of Formula 1 on the host territories. In many of the studies analyzed, a gap may be noted, sometimes flagrant, between the development goals of the promoters of these mega-events and local realities. This study also highlights the fact that Formula 1 has established itself as a sports events industry that can renew and enhance the brand image of certain cities.

Very few recent studies have exhaustively reviewed the scientific literature published in English and French with regard to the field of Formula 1 from a tourism and urban perspective. This study makes it possible to identify the main analytical findings and research perspectives resulting from this scientific work while discussing them using a theoretical framework related to the hypermodern character of different societies.