Gentrification Flashcards
What is gentrification?
Gentrificatino is when the status of an inner urban area which has become unfashionable and neglected is upgraded and the status improved.
What does gentrification consist of?
It is a process of house improvement.
Low income groups are displaced by the more affluent.
The process is carried out by individuals or groups and is not supported by bodies.
It involved the rehabilitation of old houses and streets on an individual basis.
It is encouraged by estate agents, building societies and local authorities.
What are the advantages of gentrification?
Housing is improved as wealthy newcomers regenerate old buildings.
The value of housing in the area increases meaning that existing house owners can sell their houses for higher prices.
New businesses move into the area to cater for wealthier residents, creating jobs.
Crime rates may fall - better housing and less dereliction means less vandalism and graffiti.
What are the disadvantages of gentrification?
The high demand for housing can cause problems as tenants may be forced out as landlords wish to sell the building for large profits.
Increased house prices means children of house owners cannot afford to buy or rent in the area.
Original businesses in the area may be pushed out as they are pushed out by more high-end businesses.
The buildup of problems can cause tensions between old and new residents.
