meta_pixel
Tapesearch Logo
Log in
Science Quickly

Photos Tagged as Art Linked to Rising Property Prices

Science Quickly

Scientific American

Science

4.31.4K Ratings

🗓️ 2 May 2016

⏱️ 2 minutes

🧾️ Download transcript

Summary

Researchers found that neighborhoods with a higher proportion of Flickr photos tagged "art" saw a higher spike in property prices. Christopher Intagliata reports.

Transcript

Click on a timestamp to play from that location

0:00.0

This is scientific American's 60 second science. I'm Christopher Intalyata. Got a minute?

0:07.0

Urban gentrification is thought to happen like this.

0:10.0

Artists move into lower income neighborhoods looking for cheap gallery and living space.

0:15.0

So they move into these neighborhoods and they make those neighborhoods really pleasant to live in.

0:19.4

They kind of create a nice kind of buzzy scene.

0:22.0

Chenuki Saracinia, a data scientist at the Warwick Business School in the UK.

0:27.0

Next she says come the hip cafes and shops.

0:29.5

Well what happens is of course other people are also then attracted to move into these areas so the

0:33.7

demand for these places increase the housing prices then go up. So the story

0:38.7

goes but Sarah Sunia and her colleagues wanted to see if online data told the same story. So they analyzed

0:44.9

four and a half million photos uploaded to Flickr from 2004 to 2013, each of them

0:50.9

geotagged somewhere in London.

0:53.0

Then they tallied how many of each neighborhood's photos were tagged art.

0:57.0

And they found that neighborhoods with a higher proportion of art tagged photos

1:01.0

actually did see a higher spike in property prices during the study period.

1:05.0

The results are in the Journal of Royal Society Open Science.

1:08.0

Foursquare and Twitter data can also track gentrification trends,

1:12.0

as another recent study showed.

1:14.6

But the link here isn't necessarily predictive.

1:17.0

Maybe neighborhoods with rising prices just attract more photo tagging art enthusiasts.

1:22.1

That's why I wouldn't say, you know, go out and buy a house in an arts neighborhood.

1:27.2

You're going to be rich in five years' time, because sometimes there could be other factors

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Scientific American, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Scientific American and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.