Figure - PMC

Skip to main content

An official website of the United States government

Here's how you know

Here's how you know

Official websites use .gov
A .gov website belongs to an official government organization in the United States.

Secure .gov websites use HTTPS
A lock ( ) or https:// means you've safely connected to the .gov website. Share sensitive information only on official, secure websites.

View full-text article in PMC

. 2016 Apr 27;3(4):160146. doi: 10.1098/rsos.160146

Search in PMC
Search in PubMed
View in NLM Catalog
Add to search

© 2016 The Authors. Published by the Royal Society under the terms of the Creative Commons Attribution License http://creativecommons.org/licenses/by/4.0/, which permits unrestricted use, provided the original author and source are credited.

PMC Copyright notice

Figure 2. — Relative change of mean residential property prices and the relation to ‘art’ photographs in Inner London postcode areas. (a) Areas in the eastern part of Central London and Southeast London have become relatively more expensive while areas in East and North London have become relatively less expensive. Property prices are tracked using data from residential property sales registered with the Land Registry from 2004 to 2013. Mean residential property prices per Inner London neighbourhood are ranked, where 1 is the highest mean residential property price. The change in rank is calculated over the entire time period, and, therefore, represents the 2013 rank minus the 2004 rank. Negative changes in rank (highlighted in red) signify areas becoming relatively more expensive, while positive changes in rank (highlighted in blue) signify areas becoming relatively less expensive. Postal boundaries © GeoLytix copyright and database right 2012. Contains Ordnance Survey data © Crown copyright and database right 2012. Contains Royal Mail data © Royal Mail copyright and database right 2012. Contains National Statistics data © Crown copyright and database right 2012. (b) A comparison of the proportion of ‘art’ related photographs for each Inner London postcode area and the change in rank of mean residential property prices shows that such areas have greater relative gains in residential property prices. (Note that the axis for the change in rank of mean residential property prices is reversed.) Areas thought to be associated with art-led economic development such as Shoreditch (E2) and Dalston (E9) clearly stand out as having risen in rank in terms of house prices, as well as containing a high proportion of ‘art’-related photographs. We see that the same observation can be made about a number of areas that are not frequently discussed in the media in terms of art-led gentrification, such as Vauxhall (SE11), Lewisham (SE8) and Lambeth (SE5).