Gentrification

GentrificationUsed by the first time from Ruth Glass in 1964 to define the entry of the middle class in working class neighbourhood in London.

Because gentrification happens 4 factors are requested to happen simultaneously:

1) Morphological reorganization or the city with the substitution of a social group with another in the city center or close to;

2) A spatial grouping of individuals with similar lifestyles and cultural features or with similar consumption bias at least;

3) A trasformation of the built environment, with the arising of new services and a residential requalification

4) A changement in the estate asset that determines a rise of the land price and an increasing of homeownership.

How gentrification starts?

• Specific characteristics of a neighbourhood (position, household composition, connections, low rents…)

• Gentrifiers start to move in these neighbourhood alongside with their lifestyle (consumption habits, needs, practices, activities…)

• Commercial activities promoting different products, different styles and addressing different customers compared the former ones

• Rise of the land value, housing value and commercial shop values attraction for investiment

• Second phase of gentrification: real estate investors, policies….

Theories/Debate

SUPPLY SIDE DEMAND SIDE

Effects

SOCIAL EFFECTS

SPATIAL EFFECTS