by Melih Alsaç
The potential increase in the value of a property is tightly linked to the general characteristics of its location. The factors considered to assess this potential play a vital role in determining the future development potential of the area. In this article, we will cover in detail population growth, supply constraints and demand growth, and transportation infrastructure.
Population Growth:
Population growth in the region is a key factor affecting housing demand. Immigration or population growth can trigger a value increase in the housing market. In this context, the attractiveness and quality of life of the area play an important role.
Supply Constraints and Demand Growth:
Building restrictions or infrastructure investments may affect housing demand. Limited supply and rising demand could push prices higher. This may create the potential for a premium in the value of housing in the region.
Transportation Infrastructure:
A good transportation infrastructure facilitates access to the region. A good public transportation system or strong transport links can increase demand for the area. This can increase the potential for a premium in the housing market.
A location with premium potential is often based on factors including population growth, supply constraints and demand growth, and an efficient transportation infrastructure. However, it is important to remember that house price appreciation is not solely dependent on these factors, as many different factors influence prices. A successful assessment requires a comprehensive study of the area and an assessment of the various factors.
