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Gentrification: What does it mean for your next property investment?
Gentrification was a term coined in the 1950s to describe organic population shifts witnessed in London’s inner neighbourhoods. It involves a process whereby higher income investors displace lower income residents of a neighbourhood or suburb, ultimately changing the character and physical appearance of the area.
It’s important not to confuse gentrification with urban renewal; a process of clearing and rebuilding or renovating properties in urban slums. … Read more »