How does location affect property value?
How does location affect property value?
How does location affect property value?
When it comes to real estate, one of the main factors affecting property value is definitely location. It affects both the sale and purchase of a particular property. If the role of how a property's physical location affects its value is well understood, you can then develop an accurate investment strategy.
Facilities around the property
Properties located near facilities such as schools, hospitals, shopping centers and transport facilities often command higher prices. This is due to the convenience offered by the proximity to these facilities.
High Demand
When a particular neighborhood is in high demand due to factors such as low crime rates, well-maintained streets and access to parks or green spaces, it is another influencing factor that increases the value of properties located there. For this reason, Ales Real Estate also stands by the trends of the local market, identifying new neighborhoods with strong growth potential in the future.
Does landscape matter?
Properties that offer stunning views or are located close to natural attractions often command higher prices. Mainly when it is located near a lake, sea, mountain or has a beautiful view of the city skyline, it makes the value of the property necessarily high.
Demand-supply dynamics
Supply and demand dynamics vary by location and sometimes affect property value. In areas with high demand but limited supply, prices tend to rise. Conversely, in oversaturated markets, prices do not move, possibly falling.
Local economy and employment opportunities
Proximity to employment centers or businesses in a certain area makes people often want to live close to where they work, to minimize travel time and costs. As a result, in these areas there tends to be an increase in demand, a factor that affects the increase in property value.
The role of Ales Real Estate
More than a feature, a property's location is an important determinant of its value. Therefore, since 2010, we have evaluated and analyzed this aspect, making it possible for the properties on our list:
To be located in areas with great development potential
To be located in areas with good job prospects
To be located near various facilities
To meet the vital needs of customers.
By prioritizing these factors, we aim to provide our clients with properties that not only meet their needs, but also have long-term investment potential.