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Home > Terms > English, UK (UE) > Blighted area
Blighted area
A blighted area is a declining area in which real property values are seriously affected by destructive economic forces. These forces include property usages not compatible with existing uses, the declining social and economic status of new residents, and rapidly depreciating buildings.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Real estate investment
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