
Property Location: What Affects Attractiveness?
Real estate location refers to the location of the property. Location determines the value of the property, its convenience for living, and investment attractiveness.
Key factors of location attractiveness:
- Transport accessibility. The proximity of the property to major transport hubs, such as the metro, bus stops, or railway stations, significantly increases its value and convenience.
- Infrastructure. Schools, kindergartens, shops, medical institutions, banks, and entertainment centers nearby make the property more popular.
- Environmental conditions. Proximity to parks, forests, water bodies, and the absence of industrial facilities increase the price of the property.
- Social environment. The level of safety in the area, the residents’ social composition, and the area’s reputation influence the decision to buy. For example, young families are more likely to choose areas with low crime and developed infrastructure for families, such as playgrounds and recreation areas.
Social environment. The level of safety in the area, the residents’ social composition, and the area’s reputation influence the decision to buy. For example, young families are more likely to choose areas with low crime and developed infrastructure for families, such as playgrounds and recreation areas.
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