What defines the process of gentrification?

Gentrification is primarily characterized by the transformation of neighborhoods as wealthier individuals move in, often resulting in a shift in the demographic and economic landscape. This process typically leads to rising property values and increased rents, which can displace long-standing residents, often those from lower-income backgrounds. The influx of more affluent residents can also bring new businesses, amenities, and infrastructure improvements to the area, contributing to the overall change in the neighborhood’s character and dynamics.

This phenomenon often occurs in urban areas that were previously undervalued or neglected. Although revitalization and improvement can have positive effects, gentrification is frequently critiqued for its social implications, particularly the displacement of original residents who can no longer afford to live in the area. Understanding this aspect of urban development is key to analyzing the complex socio-economic interactions within cities.