The rehabilitation of a deteriorated neighborhood by new residents who are wealthier than the long-time residents.
Gentrification is the phenomenon that occurs as middle- and upper-income people move into low-income and working class neighborhoods that are undergoing revitalization. The resulting rise in property values may result in fewer housing choices for the local population and ultimately lead to displacement.
The rejuvenation of urban areas of a city experiencing substantial decline. The most common approach involves the purchase of many small parcels located in one area of a city by developers and large landowners to either tear down and rebuild or completely restore houses and commercial buildings which have reached the end of their economic lives.
the process in urban areas of upper- or middle-class families moving back into a zone in transition, which often surrounds the central business district of a city.
a process by which run-down houses in an inner city or other neglected area are improved by better off (affluent) people who move there in order to have easier access to the jobs and services of the city centre. The 'improving' social group changes attract more people of the similar wealthier social group.
the restoration of run-down urban areas by the middle class (resulting in the displacement of lower-income people)
colonisation of an urban area by a higher socio-economic group
The redevelopment of existing housing stock with new housing forms, thus improving property values, but often displacing low-income residents and small businesses
the phenomenon of a middle to upper income urbanites moving to urban neighborhoods or small rural towns (often associated with preservation efforts). Resulting problems include inflating real estate values, social tensions, and displacing lower income segments of the local population.
The restoration and upgrading of deteriorated urban property by middle-class or affluent people, often resulting in displacement of lower-income people
The process by which members of the middle and upper-middle classes, especially whites, move into the central-city area and renovate existing properties.
The redevelopment of urban neighborhoods by higher income residents. They usually invest in upgrades and improvements that increase an area's appeal, but often with the resulting consequence of lower-income residents being pushed out by the rising prices.
The process in which a neighborhood is transformed from low-value to high-value properties.
The migration of middle-class residents into a deteriorating area. This migration may help to revitalize an area, but it also tends to "squeeze out" lower-income families by boosting property values.
The displacement of lower-income residents by higher-income residents in a neighborhood. Generally occurs when an older neighborhood is rehabilitated or revitalized.
The purchase and rehabilitation by the middle-classes of run-down properties.
The rehabilitation of low-income housing into higher income housing, which results in the displacement of lower-income residents and generally occurs when an older neighborhood is revitalized.
A process of reclaiming and reconditioning deteriorated neighbourhoods by refurbishing depressed real estate and then renting or selling the properties to upper-middle-class professionals.
Gentrification, or more specifically urban gentrification, is a process in which low-cost, physically deteriorated neighborhoods experience physical renovation and an increase in property values, along with an influx of increasingly wealthier residents who typically displace the prior residents. Gentrification is a highly contentuous issue.