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

Antoine Paccoud, Pauline Niesseron and Alan Mace

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

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.

Keywords: buy-to-let; rent gap; ethnicity; gentrification; private rented sector (search for similar items in EconPapers)
JEL-codes: J01 N0 R14 (search for similar items in EconPapers)
Date: 2020-01-03
New Economics Papers: this item is included in nep-ure
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Published in Urban Geography, 3, January, 2020. ISSN: 0272-3638

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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:102985

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