Respuesta :
The uniqueness of real estate markets makes it impossible to generalize the impact events in other areas will have on real estate values.
Which of these is a characteristics of real estate?
In business terms, real estate is an instrument of investment. Real estate has seven specific characteristics related to its economic impact or physical nature. They are scarcity, improvements, location, investment permanence, uniqueness, immobility, and Indestructibility.
What is the most important characteristic of real estate?
- Permanence of investment is also known as fixity and means investments in real estate are long-term.
- This is due to the physical characteristics of indestructibility and immobility.
- Since land is immobile, investment in property becomes fixed. Land cannot be moved if the market becomes better in another location.
To learn more about real estate, refer
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