What are the effects of neighbourhood on value of property?

[Good-Person]

Neighbourhood may matter a lot when it comes to investing in the real estate business. This is because the condition of neighbourhood could matter when it comes value of property. So, what kind of research do you need when it comes to neighbourhood when you buy a property?

 

[Nomad]

There are a lot of factors that affect the real estate price. A property in commercial district is valued high compared to a property in residential area, a property in city center is more expensive than a property in the city outskits.