gentrification

3 definitions • 2 examples

the process by which a place, especially part of a city, changes from being a poor area to a richer one, where people from a higher social class live:

Ordinary working people have been priced out of East London by gentrification.

the process by which a poor neighborhood in a city is changed by people who have money, including esp. the improvement or replacement of buildings

the process by which an area is changed by people who have more money moving to live there and making improvements to the buildings:

As the city's gentrification creeps north, middle-class settlers are renovating and moving into 19th-century town houses that were once rooming houses.