the process of renewal and rebuilding accompanying the influx of middle class or affluent people into deteriorating areas that often displaces earlier usually poorer residents
Gentrification, or urban gentrification, is a phenomenon in which low-cost, physically deteriorated neighborhoods undergo physical renovation and an increase in property values, along with an influx of wealthier residents who may displace the prior residents
A shift in an urban community toward wealthier residents and/or businesses and increasing property values, sometimes to the detriment of the poorer residents of the community
the invasion of older, centrally located working-class neighborhoods by higher-income households seeking the character and convenience of less expensive and well-located residences
the displacement of lower-income residents by higher-income residents in a neighborhood Generally occurs when an older neighborhood is rehabilitated or revitalized
The process in which a neighbourhood is transformed from low-value to high-value properties
{i} act of increasing property value by selling property to people wealthier than the current owners
a gradual process in which an area in bad condition where poor people live is changed by people with more money coming to live there and improving it
the trend and process of neighborhood renewal by way of widespread architectural upgrading, the so-called "rehabilitation" of substandard and average rental housing and commercial properties and infrastructure, and the general development of new buildings or expansion thereof Gentrification is almost always promoted as improvement and modernization for the benefit of everyone However, that is both a distortion and usually a boldface lie In nearly all cases, the prime motivating factor for gentrification is not altruism but rather it is to increase profit at the expense of tenants Gentrification typically occurs in rental housing neighborhoods, often within inner city neighborhoods where young people, old people, poor and blue collar people pay rent and struggle to survive The central hidden motive of gentrification is almost always economic cleansing (which see above)
The process in which a neighborhood is transformed from low-value to high-value properties
the restoration of run-down urban areas by the middle class (resulting in the displacement of lower-income people)