Real Estate Infrastructure — Types and Impact on Cost
Infrastructure in the real estate sector is a set of objects, systems, and services that ensure normal life of the population in a certain area. It determines the convenience of living, transport accessibility and level of comfort. Developed infrastructure significantly increases the attractiveness of the area from both demand and supply.
Main types of infrastructure:
- Transport infrastructure. Transport infrastructure includes roads, public transport, metro, railway and bus stations, as well as parking spaces.
- Social infrastructure. Social infrastructure includes schools, kindergartens, universities, hospitals, clinics, pharmacies, stadiums, fitness centers, swimming pools.
- Commercial infrastructure. Commercial infrastructure includes shops, supermarkets, markets, cafés, restaurants, and shopping and entertainment centers.
- Engineering infrastructure. Engineering infrastructure is responsible for providing basic amenities such as electricity, gas, water, and sewerage. It includes water treatment plants, settling tanks, substations, and distribution stations, as well as drainage channels.
- Ecological infrastructure. Ecological infrastructure includes parks, green areas, walking paths, squares, and nature reserves.
In real estate, the development of infrastructure directly affects the value of the property, both upwards and downwards. For example, proximity to transport hubs such as railways or airports reduces the attractiveness of the property due to high noise levels. Potential tenants may require additional sound insulation.
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