Urban restructuring
Introduction
The term gentrification refers to the transformation of a deteriorated or modest urban space into a wealthier and more elegant area after the arrival of people with greater purchasing power to the area, which can cause the displacement of the original residents, since the prices of housing, rent and goods and services in the area increase significantly. urban and architectural intervention plans given by both public and private entities that seek to promote market growth in the area of influence.[8].
During recent years, gentrification has been a reconstruction process that refers to the different sectors of the population with greater economic capacity that accommodate the resources and possibilities of said inhabitants.[9].
Through this process, new inhabitants with higher incomes begin to relocate to these sectors, displacing those who previously lived in the area to other less demanded areas.
Usually this can induce traditional residents to leave a neighborhood and settle in more peripheral spaces, which causes this "new" space to arouse interest in being occupied by inhabitants with greater economic capacity. Based on these conditions, an investment process is generated in the construction and marketing of real estate in the area in order to be inhabited. This process has special relevance in recent years in cities with significant tourism potential and economic relevance.
Sometimes it is also used to analyze this situation regarding commercial uses or services. For example, the construction of shopping centers or stores belonging to large chains, relegating small businesses. Gentrification, after making physical architectural and urban changes, can generate a transformation in the makeup of the population, characterized by the displacement of inhabitants historically belonging to the site, a population with greater economic resources.[10].
Although the term gentrification is usually used for the displacement of residents of the area by others with greater purchasing power, it can happen the other way around and there are examples of this in various countries. This phenomenon occurs mainly when an area of inhabitants with medium or high purchasing power is impacted by social problems such as crime or other problems related to public administration. This situation causes the displacement of a population with greater purchasing power and in turn its repopulation by inhabitants with fewer resources. As a result of this, the urban and economic environment is significantly transformed. In cases where this occurs and an Urban Improvement Plan is subsequently developed, it could imply a new gentrification event that would promote the reestablishment of the original population.