Immolytics
Property market

Gentrification

Socio-economic transformation of a working-class neighborhood through an influx of wealthier residents.

Full definition

Gentrification is an urban transformation process in which a working-class neighborhood attracts higher-income residents, leading to rising property prices, building renovation, and changes in commercial composition. In Belgium, this is particularly visible in Brussels (Saint-Gilles, Schaerbeek, Molenbeek) and certain districts of Ghent and Antwerp.

Related terms

Price per sqm

Key market indicator relating the selling price to the livable surface area.

Real estate capital gains

Profit realized when reselling a property at a price higher than the purchase price.

Buy-to-let investment

Purchase of a property with the intention of renting it out for income.

Useful links

Property pricesNotary feesEstimation

FAQ

Socio-economic transformation of a working-class neighborhood through an influx of wealthier residents.