ABSTRACT
This chapter presents an analytical framework for drivers, motivations, trajectories and sustainability of locations subject to urban regeneration. When examining urban property development from an economic geography perspective the issue is about producing and maintaining an advanced producer service. The urban regeneration process has another motor than traditional gentrification has, namely the active government, who attempts to revitalise derelict neighbourhoods. In Budapest a system of subsidies for urban renewal was available for both local government and household group initiatives. In Budapest during 1995–2010 hardly any comprehensive urban policy making related to housing or real estate took place. Amsterdam is sometimes mentioned as an example of successful urban regeneration, as in this city regeneration has resulted in more affordable housing, a reduction in carbon emissions, more efficient recycling rates and increased community cohesion.
