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gentrification
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gentrification

The movement of higher social or economic groups into an area after it has been renovated and restored. This may result in the outmigration of the people who previously occupied the area. Often the classification of an area as a conservation area encourages gentrification. It is one strategy available to planners in urban renewal schemes within the inner city.



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The already gentrified area of Barnsbury in Islington - where the Blairs sold their family home in 1997 for a reported pounds 615,000 - is being transformed by the new group.
 
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