Social Capital, Gentrification and Neighbourhood Change in London: A Comparison of Three South London Neighbourhoods

Abstract

Social capital has been used extensively in recent years to examine issues of social exclusion. Following Bourdieu, the concept is reintegrated into social theory alongside cultural and economic capital to examine the variations in the upgrading of gentrified areas of inner London. Three neighbourhoods in south London are compared and it is argued that their differences can, to a limited extent, be understood in terms of the differential deployment of cultural, social and economic capital by their middle-class residents. These neighbourhoods have acquired distinctive characters as a result and it is argued that the gentrification process in inner London is leading to heterogeneous middle-class neighbourhoods which contrasts with the perceived homogeneity of the traditional suburban area.