Purity of the real estate properties will continue to appreciate in value as the world population increases. There will be more housing deficit and this makes the value of real estate property go up.
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It is an accurate opinion @Filicit, all lands are revalued over the years, there is no way to sell at the same purchase price, you will always make a profit, depending on the area, some will be better priced than others.There is no land that the environment wouldn't improve in eighthy years even if it is just for a little, and even if, land in rural areas appreciate too, yiu can't sell it the same price you bought it
That's true, my parents brought their land when it was not even up to a million naira, currently there have been major developments going on and the lands there are worth at least three million.Land have a potential of appreciating due to various factors. When there are infrastructure development like roads,electricity, health center it tend to open up an area which in turn people will find the place good to move there,with the gradual influx of people the land will begin to appreciate because of increase in demand.
Despite all odds, the value of land keeps appreciating.There has been a lot of buzz around how the value of Land never depreciates but appreciates always. Well in my experience that is not entirely or always true being that it's based on the location of the land that determines if the value of the land appreciate rapidly or not.
Buying a land in an area that you know is close to achieving development are the land that appreciates heavily not every land that one buys.
If you buy a land that the area is not likely to be developed in like 80 years to come, you can see that tge land won't be a successful investment.
What's your take on this guys?
Land is a fixed asset and it appreciates in value with time.There has been a lot of buzz around how the value of Land never depreciates but appreciates always. Well in my experience that is not entirely or always true being that it's based on the location of the land that determines if the value of the land appreciate rapidly or not.
Buying a land in an area that you know is close to achieving development are the land that appreciates heavily not every land that one buys.
If you buy a land that the area is not likely to be developed in like 80 years to come, you can see that tge land won't be a successful investment.
What's your take on this guys?
That is just the basic fact about real estate landed properties.one factor that makes the value to grow real fast,is the presence of infrastructure around the area,they have a huge factor on how the value of lands appriciate.Land have a potential of appreciating due to various factors. When there are infrastructure development like roads,electricity, health center it tend to open up an area which in turn people will find the place good to move there,with the gradual influx of people the land will begin to appreciate because of increase in demand.
That's true, location plays a major role when it comes to the price of the land. But the best part about this is that it's only a matter of time, no matter how bad the road might be, there would come a time where development would definitely reach that area.For me I think investing in landed properties is wise tho, I can say land is the only investment which values never or hardly comes down, it keeps on increasing. One of the Factors that limits land from appreciating is location, if the location is bad , it reduces the value of the land.