Often we tend to relate getrification with negative impact of socioeconomic change of a certain areas. In this informal real estate property price study of example, a map is projected to see the amount of change in the property price between year 2004 and 2012 ( in regards to residential properties) in Brooklyn. From the map, they put out an assumption that several neighbouhood have gone though “a speedy getrification process” (Property Shark, 2012). “Call it gentrification or ‘Manhattanization’, several parts of Brooklyn have been going through significant urban changes for more than a decade” (Property Shark, 2012). This is one of the special kind of article written in the background of real estate prosperation impacted by gentrification.
Figure 1. property price changes (only residential). Picture extracted fom http://gothamist.com/2013/01/02/brooklyn_gentrification_the_map.php (Property Shark, 2012)
For the in depth reading, please read Gentrified Brooklyn Neighborhoods See Home Prices per Square Foot Shooting Up by Roxana Baiceanu on the Property Shark.com