ABSTRACT
This chapter starts with the argument that evictions form part of a strategy for producing urban rent and are not simply a consequence of the present crisis. The phenomenon of evictions must be understood within the wider framework of processes of accumulation by dispossession involving the urbanisation of capital and, more precisely, through the process of home dispossession. Evictions and mortgage foreclosures represent the dispossession of housing within processes of accumulation of urban rents. The eviction of tenants and mortgage foreclosures both form a highly important part of dispossession within processes of accumulation generated by the financialisation of the built environment. The chapter analyses relationship between evictions and processes of devaluation and revaluation in historic centre of Palma. The chapter aims to conceptualise the logics within the framework of new geographies of inequality that have emerged as a result of production and capture of urban rents associated with financialisation of housing in areas with high property values.
