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

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 classesprimarily migrantsin 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.

Resurgent landlordism in a student city: urban dynamics of private rental growth

“…At the neighborhood level, some studies highlight how reinvestment in private renting is associated with specific central-city gentrification. Buy-to-let purchases may trigger social and ethnic neighborhood change, exacerbating disparities between neighborhoods (Paccoud, 2017;Paccoud et al, 2020;Van Criekingen, 2010). Other studies, however, highlight how both private individuals and large-scale investors have turned to investing in single-family dwellings in the suburbs of major cities (Fields, 2018;Mills et al, 2019;Paccoud & Mace, 2018).…”