Navigating the city: Role of property-market intelligence channels in urban governance networks

Abstract

This study presents a novel perspective on the impact of market-intelligence channels on property markets and the subsequent effects on the formation of alliances among public- and private-sector actors in urban governance. I argue and demonstrate that property actors, especially investors, collaborate through knowledge coalitions by utilizing the market-intelligence channels they created, not only to navigate property markets but also to establish the mode of regulation in urban development. By using a strategic-relational perspective, it is possible to analyze the underlying institutional infrastructure of the property market as a dynamic system shaped by the relationships and interactions among various social and economic actors. In addition to forming various marketing or lobbying coalitions, property actors forge alliances by converting pertinent information—such as locational analysis, socioeconomic data, policy and land-use forecasts, permit conditions, and planning strategies—into advanced market intelligence. This process allows them to define the norms, rules, and principles to be negotiated with public policymakers and enhance their positions in knowledge-based governance networks. To obtain empirical evidence about Amsterdam’s property market, a comprehensive data set was created to identify the influential actors. Extensive deskwork was conducted to map the diverse channels and connections of market intelligence. Key players in the property market were also interviewed to provide a comprehensive view of the active market-intelligence channels in governance networks.