Gentrification is the process of changing the character of a neighborhood through the influx of more affluent residents and investment. There is no agreed-upon definition of gentrification. In public discourse, it has been used to describe a wide array of phenomena, usually in a pejorative connotation.
A damaged early 20th-century building beside a new loft tower in Mexico City's Colonia Roma
Gentrification in the Praga district of Warsaw
Buildings on Mainzer Straße in Berlin
Symbolic gentrification in Prenzlauer Berg, Berlin
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. Real estate developers are the people and companies who coordinate all of these activities, converting ideas from paper to real property. Real estate development is different from construction or housebuilding, although many developers also manage the construction process or engage in housebuilding.
The Solidere development of the Beirut seafront and harbor
In the Netherlands, virtually all housing is developed and built through property developers, including development in upmarket segments.
Advertisment for mobile homes on the Florida Keys, June 1973
