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

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Presentation transcript:

Gentrification

Used 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 SIDEDEMAND SIDE

Effects SOCIAL EFFECTS SPATIAL EFFECTS