Gentrification is an essentially urban-social and real estate process, planned or unplanned of the transition of the middle and upper class population to weak neighborhoods, usually in the city centers while constantly changing the character of the neighborhood and sometimes even repressing the original population. The process will often be accompanied by the renewal of the streets, the renovation of houses and the turnover of businesses in the area. Gentrification is a global phenomenon and has also taken place in the city centers of Israel and has been prominent in recent decades.
“ The term was first coined in 1964 by British sociologist Ruth Glass to describe the changes she identified in London. The origin of the term gentry in ancient French, which describes a middle-high class as well as describes a social elite, is a fundamentally critical term, referring to the negative impact of the process, and describing its damage to the fabric of life of a community that lived there for years. In gentrification processes this community is culturally and socially disintegrated, and it is pushed, for economic and social reasons, out of its place of residence for decades, however, today the term is sometimes used as a positive description of urban renewal “ Wikipedia
The process will take place in attractive areas that have been neglected over the years and where there is the maximum gap between the existing market value of the property and its potential value. It will usually be the artists and architects who first identify the qualities and potential inherent in those weakened neighborhoods if due to the architectural value of buildings neglected for decades such as the international and eclectic style buildings in the Florentine neighborhood in south Tel Aviv used for industry and garages. .
The spaces have been renovated and designed inspired by the New York looters and their owners as well as the tenants have been able to enjoy unique properties at affordable prices relative to the neighborhoods established in the city centers.
Small cafes opening in the neighborhood, dance workshops and fringe shops will increasingly attract the middle class and mark the big bang, real estate agents will come to the neighborhood, real estate companies and developers will purchase plots, buildings and industrial buildings in their entirety and everything they can to produce large plots As much as possible and implement as grandiose construction plans as possible. Their representatives will hold meetings in the municipal planning committees in order to promote the initiation and acceleration of building plans that improve the company’s assets.
The externalization of the process if by image articles will cause real estate prices to rise, young families who can not afford an apartment in the expensive neighborhoods will buy in the developing neighborhood, as well as established people and families for ideological, social and pioneering motives,
At some point, real estate prices in the resurgent environment will approach prices in established neighborhoods and in some cases even overtake them. The Neve Tzedek neighborhood is an excellent and unusual example of this, which in the 1960s was a neglected and weak neighborhood until the municipality considered demolishing it, today one of the most expensive neighborhoods in Tel Aviv that houses a section of a very affluent population.
This will actually complete the process, some will see it in a positive light of urban renewal, improvement and renewal of cultural and educational infrastructure and even raising the value of properties in the neighborhood and improving them. And this should be seen as harming the character and environmental cultural fabric while repressing the original residents of the neighborhood and manifesting intolerance of the heritage of the past.