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Recent research has suggested the need to approach the analysis of residential differentiation and change in relation to the structure and operation of the housing market. This paper adopts such an approach in order to analyse a recent and particularly marked form of housing market restructuring in central London, namely the sale of previously privately rented flats in purpose-built blocks to individual owner-occupiers. Evidence of the extent and importance of this process in the transformation of the central London housing market is assessed. An explanatory framework is advanced which places the flat break-up market in the context of the changing fiscal and financial bases of landlordism in general and the specific events which have structured the activity of corporate landlordism in the central London housing market in particular.
Hamnett et al. (Sun,) studied this question.