Gentrified Areas (AQA A-Level Geography): Flashcards
📚Flashcards
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Practise the cards
10 cards from this deck
Gentrification definition
Gentrification definition
Wealthier people buy & renovate properties in run-down urban areas
The rent gap
The rent gap
Gap between current low value & potential renovated value
Gentrification 'pioneers'
Gentrification 'pioneers'
Artists, designers & creative professionals
Household type driving gentrification
Household type driving gentrification
Single/two-person households without children
Main cost for existing residents
Main cost for existing residents
Can't afford rising prices/rents, forced to move away
Impact on traditional local businesses
Impact on traditional local businesses
Struggle as rents rise, replaced by boutiques & cafes
Revenue benefit for local authorities
Revenue benefit for local authorities
Increased council tax income from higher property values
Physical environment benefit
Physical environment benefit
Renovated properties improve visual appearance of streets
Liverpool £1 homes scheme year & location
Liverpool £1 homes scheme year & location
2013 - 20 derelict homes in Kensington, Granby & Picton
Liverpool scheme conditions
Liverpool scheme conditions
Renovate property & live there 5 years without subletting