“Location, location, location”, this mantra is repeated because it’s the primary way to evaluate the price of a property.
A prime location in real estate is often defined by its central location, connectivity, and smart planning.
It is not difficult to understand why the central area is often appreciated when it is home to many administrative buildings, office buildings, commercial areas, and tourist attractions of the city. Therefore, it will not be surprising that real estate prices here are always at the threshold price. In fact, people can improve the condition of real estate, change the interior and exterior of the apartment, even expand the area of the house, but the location is the only thing you cannot change. Owning property in the CBD also reflects the personality, status, and class of the homeowner and their financial potential.
Harold Samuel – Founder of Land Securities “There are three things that matter in property: Location, Location, Location”
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A property situated at a prime location means that it has excellent connectivity, people easily commute to outstanding landmarks or different parts of the city. A property which is located close to your workplace will let you enjoy more time with your family. Time-saving for commuting can contribute to a better living experience.
Living in a full range of amenities within your neighborhood such as schools, hospitals, shopping malls, entertaining places, etc., everything you need is within your reach. In addition, a synchronously and methodically planned area will improve property values and attract more attention of investors.
Of course, real estate valuation depends on many other factors, but real estate transactions at prime locations are always a hotspot for investors with good financial potential.