The BBC on Real estatePosted: September 28, 2005
The BBC suggests watching neighborhoods carefully to predict which way prices will tend to go.
A particularly strong signal that house prices are booming is if an area is starting to ‘gentrify’.
Gentrification is the conversion, over a period of years, of less developed and desirable districts into thriving neighbourhoods occupied by professionals and young families.
The process is always a fairly visible one.