&ldquo / Migration&rdquo / is not a term that was totally alien for anyone throughout the history. However, Lausanne Convention of 30 January 1923 -between Greek and Turkish authorities- was a new page to conceptualize and comprise both the theoretical and practical frame of the &ldquo / population transfer&rdquo / . Thus, the problems encountered with the decision of proposing a new model of compulsory exchange of minorities resulted into social, economical, political and cultural transformation in the social space and the physical environment in the Aegean regions. This thesis, briefly, aims to re-evaluate the criteria and the manner that leads the transformation in the physical environment and the organization of the social space after the mutual exchange of populations. In this attempt, the thesis suggests an alternative way of understanding towards the evaluation of the results of population transfer by introducing Pierre Bourdieu&rsquo / s extended capital. Thus, the theoretical frame of this study is constructed by Bourdieu&rsquo / s four capitals, the multi-dimensional social space and the physical environment as its reflection. Yet, this thesis assumes that &ldquo / wars&rdquo / could be the ultimate devastation for the capital network which influentially characterizes the physical environment and this theory will be examplified by a migration period that was experienced between 1900 and 1930 in Aegean regions.