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Mekhanik [1.2K]
3 years ago
12

A buyer was looking at buying a piece of real estate. The property was located in a very exclusive part of town where there were

few homes available. He had to pay a premium price in order to purchase the property. These factors reinforce what economic characteristics of real estate
Social Studies
2 answers:
castortr0y [4]3 years ago
8 0

Answer:

The characteristics of immobility, utility, and demand

The characteristics of nonhomogeneous T, situs, and indestructibility

The characteristics of demand, scar city and situs .

The characteristics of transfer ability, utility, and demand.

Explanation:

The following factors can have effect on the value of a property

1. Location

2. Supply and demand

3. Interest rate

4. Economic outlook

5. Population

6. Size and facilities

7. Investment potential

8. Energy efficiency.

The property the buyer paid for is located in an exclusive part of the town and in this part of the town, few homes are available there. This means the area is a good location and the demand for homes there is very high. The value and economic characteristics of the real estate is high in that part.

ollegr [7]3 years ago
4 0

Answer:

Real estates are landed properties which is a good investment due to the land always appreciating with time. The economic characteristics of

paying at a premium rate for a land at an exclusive area are

Characteristics of nonhomogeneous T, situs, and indestructibility.

Characteristics of transfer ability, utility, and demand

Characteristics of demand, scarcity and situs.

Characteristics of immobility,utility, and demand

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