Financialized gentrifications, fifth wave gentrifications. Relationship eviction-class in Palma de Mallorca-Illes Balears
DOI:
https://doi.org/10.1344/sn2023.27.40747Abstract
In the context of financialization of built environments, we aim to contribute to the analysis and characterization of current gentrification processes, as well as its impacts as displacements and urban inequalities. The objective is to approach the analysis of the relationships between class and evictions in the fifth wave gentrifications in Palma, one of the most touristic and relevant cities for the real estate-financial markets in Southern Europe. To do this, firstly, a quantitative and cartographic analysis of the evolution of housing dispossession is presented. Secondly, the distribution of evictions is correlated with the social classes of the inhabitants of the neighborhoods where they occur. The analysis concludes that the processes of dispossession have a different relationship with social class depending on their typology and temporal evolution. Evictions are concentrated in very low-class spaces and, in the case of foreclosures, with a notable presence of immigration from the global south.
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