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The role of ethnic change in the closing of rent gaps through buy-to-let gentrification

Author

Listed:
  • Paccoud, Antoine
  • Niesseron, Pauline
  • Mace, Alan

Abstract

This article analyses the interrelation of ethnicity, class and tenure in the gentrification trajectories that have taken place in England in the most recent intercensal period (2001–2011). It argues that the return of the Private Rented Sector has made possible the extension of social change to areas not favored by White British (majority ethnic) middle-class owner-occupiers. This has seen the inflow of White British private renters into White British working-class areas and the arrival of private renting Not White British middle classes–primarily migrants–in working-class areas with a significant proportion of Not White British individuals. There is thus an ethnic dimension to the geographical spread of buy-to-let gentrification and the movement toward property wealth re-concentration it feeds. The middle-class individuals entering gentrifying areas as private renters are however not classical gentrifiers as the closing of rent gaps starts with the supply of private rented units by property investors.

Suggested Citation

  • Paccoud, Antoine & Niesseron, Pauline & Mace, Alan, 2020. "The role of ethnic change in the closing of rent gaps through buy-to-let gentrification," LSE Research Online Documents on Economics 102985, London School of Economics and Political Science, LSE Library.
  • Handle: RePEc:ehl:lserod:102985
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    File URL: http://eprints.lse.ac.uk/102985/
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    References listed on IDEAS

    as
    1. Antoine Paccoud, 2017. "Buy-to-let gentrification: Extending social change through tenure shifts," Environment and Planning A, , vol. 49(4), pages 839-856, April.
    2. McKinnish, Terra & Walsh, Randall & Kirk White, T., 2010. "Who gentrifies low-income neighborhoods?," Journal of Urban Economics, Elsevier, vol. 67(2), pages 180-193, March.
    3. Emma Jackson & Michaela Benson, 2014. "Neither ‘Deepest, Darkest Peckham’ nor ‘Run-of-the-Mill’ East Dulwich: The Middle Classes and their ‘Others’ in an Inner-London Neighbourhood," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 38(4), pages 1195-1210, July.
    4. Richard Ronald & Justin Kadi, 2018. "The Revival of Private Landlords in Britain’s Post-Homeownership Society," New Political Economy, Taylor & Francis Journals, vol. 23(6), pages 786-803, November.
    5. Antoine Paccoud & Alan Mace, 2018. "Tenure change in London’s suburbs: Spreading gentrification or suburban upscaling?," Urban Studies, Urban Studies Journal Limited, vol. 55(6), pages 1313-1328, May.
    6. Raphael W. Bostic & Richard W. Martin, 2003. "Black Home-owners as a Gentrifying Force? Neighbourhood Dynamics in the Context of Minority Home-ownership," Urban Studies, Urban Studies Journal Limited, vol. 40(12), pages 2427-2449, November.
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    More about this item

    Keywords

    buy-to-let; rent gap; ethnicity; gentrification; private rented sector;
    All these keywords.

    JEL classification:

    • N0 - Economic History - - General
    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General

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