Investing in the City. Property Strategies and Residential Mobility of the Roman Urban Nobility in the 15 th Century
DOI:
https://doi.org/10.6093/1593-2214/9235Keywords:
Middle Ages, 15th Century, Rome, Real estate, Housing, Neighbourhood, NobilityAbstract
The aim of this article is to show how urban elites could change how they invested in urban real estate in order to adapt to economic and political changes. The study of 15th-century Rome highlights the diversification of the ways in which investments were made in the city at a time when, thanks to the economic growth triggered by the return of the papacy, the real estate market became a particularly profitable sector. The break with the model of the urban holding characteristic of the 14th-century Rome was clearcut, as the city’s nobility freed itself from this model to invest in new districts. Real estate holdings were henceforth designed less on the scale of the micro-neighbourhood than that of the city, and residential mobility responded to the imperatives of “visibility” specific to a city with a court in which proximity to places of power (in this case, the Vatican) was crucial to maintaining one’s status.
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