Advantages of renting an apartment in an area with gentrification
本帖最後由 mimislam259 於 2024-2-15 14:50 編輯When it comes to renting a home, there are many factors Sri Lanka Phone Number List that can make us afraid and make us rethink it, such as gentrification. That the area where the property is located is gentrified can raise doubts about the profitability of the rental or even the viability of the lease itself. Today we are here to tell you the advantages of renting an apartment in a neighborhood with gentrification .
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What is gentrification?
Gentrification is the process of transforming a neighborhood or area in decline, and it happens when, when rebuilding or renovating the neighborhood , it begins to be repopulated by middle or upper class people who end up displacing the old neighbors for different reasons.
Gentrification happens when a group of investors or large companies become interested in a neighborhood in decline to do business and thus be able to take advantage of its potential - historical, architectural, commercial, cultural value... - and its low prices .
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As the neighborhood improves, housing and rental prices increase , as does the cost of living. This fact means that, unfortunately, those who live there can no longer continue doing so and have to move to another area that is in line with their purchasing power. At the same time, these improvements attract another profile of inhabitants who can afford this new standard of living, such as tourists, international students.
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