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Words: | Submitted: Mon Jun 19 2006
... and secure. Many processes are linked with the urban property markets. These include gentrification/developers, power struggles, the move from rented accommodation to owner occupation, gatekeepers, city politics e.g.the inclusion and exclusion of people, and residential segregation. The first one to be examined is the gentrification process. Gentrification can be defined as "The renovation and renewal of run-down inner-city environments through an influx of more affluent persons such as middle class professionals. [It] Has lead to the displacement of poorer citizens". (Urban Social Geography p407.) An example of this would be the purchase, for a cheap price, of run down inner city housing and derelict industrial buildings in a place like Wandswoth common, London. The cheap poor quality housing/industrial buildings are then demolished, and replaced by exclusive shops and pricey tourist attractions and executive homes that command very high prices when sold. "At the southern end of Wandsworth Common in South London ...
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