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Studies of the impacts of gentrification have traditionally taken a relatively narrow view, focusing on the gentrifiers who move in and those who they displace. This paper seeks to apply the broader framework of residential mobility, using the vacancy chain concept to examine the knock-on implications across the entire housing market. Taking the case study of Stockholm, it is shown that tenure conversions from rental to co-operative ownership are of limited direct significance for gentrification. However, the indirect effects of this process, through the linked chains of household moves initiated, serve to reinforce other gentrification mechanisms operating within the rental sector, such as allocation mechanisms for rental housing. Therefore, the impacts of gentrification can be significantly underestimated if the wider effects on the housing market are ignored. It is suggested that this residential mobility approach is particularly important if the displacement effects of gentrification and the plight of any losers are to be fully appreciated.
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