I've been poking around the census info.
The screengrabs of
this ONS page illustrate the structural issue facing Lambeth and other innercity boroughs (Lambeth in blue, England in yellow; 2001 on the left, 2011 on the right). I can't link to the different views (grrr, flash)
People arrive in droves in their 20s, meet up, have lots of babies and then those with choices predictably leave before both primary and secondary school. That has been evident and identified and discussed for decades, but has become a bit more pronounced.
However there are now noticeably more in the 40-60 bracket than there were a decade ago, and that, I think, has been the major component of the changes over the past few years. When almost all the 20s had left by their mid-40s the home they vacated went to someone pretty much like they'd been 5 or 10 years previously. Simplistically, 25 year olds could afford a reasonable flatshare, a few years later they could get a local mortgage, then a sprog and away (clutching their "housing ladder" profits), with their younger brothers and sisters treading in their wake. Now that the middle aged are choosing to live here they're competing for, and using their economic strength to win, more of the available housing, pushing prices up. And, of course, the presence of the established middle aged makes the area more desirable- there is evidently a future here- drawing in those younger people who have better economic choices about where to live. There are at least as many 20s as there were back then, so they're obviously finding and affording somewhere to live, but they're paying significantly more- which might mean they have significantly better jobs or maybe have less disposable income after housing costs.
So rather than blame the incoming hipsters I'm suggesting that it's all the fault of the middleaged who are here past their sellby date
.
This says nothing about class, wealth or anything of the sort, just age. Nor does it tell us whether the 50s have been around for years or recently arrived. The next tranche of census info is due out on 11 December, "Key Statistics for local authorities in England and Wales" which may fill in a whole lot more.
fwiw
this, rather clever, graphic shows where people have recently been coming from and going to (inland only, not abroad)..