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Home and Workplace Increasingly Drifting Apart

Lower and higher cost of development is based on calculations according to the preferences of households. Areas highest in population growth are experiencing appreciation of real estate assets. Those regions that are attractive in terms of accessibility have seen a great change in migration in recent years.

Q. How the landowners prioritize their region for developing projects?
A. The difference in the growing population and attraction to various accessibilities have enabled landowners to prioritize their region for development.

Q. To what do experts attribute trends in urban and rural development?
A. The differences in price between urban and rural housing is factor gaining in importance as preferences are trending away from higher priced urban centers. Although commercial enterprises also make use of opportunities to enhance their location, they largely remain urban. The Palacium Eco City, Eco Village and Eco Marine models are poised to fill these unique niches and provide residential and commercial spaces priced right for the markets they serve.

Regional accessibility is decisive

The development of homes and commercial properties have very different priorities. Geographic location, access to transportation and population density are all factors that affect the value and demand for a particular property for either residential or commercial purposes. As a landowner, you need to know the market value of your project and how you can utilize the best resources in order to maximize return on your investment.

Q. How do I decide what land to invest in?
A.. There are various factors to be considered when considering purchasing land for a development project. Some factors to evaluate are proximity to transportation, regional accessibility, geographic and other such considerations.

Q. How have price differences caused demand to shift from high price locations to surrounding areas?
A.The urban core contains the highest priced and most sought-after properties. However, municipalities with good regional accessibility are positioned to have increased demand in the less expensive areas outside of the urban core. People are willing to travel out from the urban core in exchange for more affordable housing.

Accessibility builds attraction

People usually prioritize their selection of location on the basis of accessibility. The regions where the accessibility is low, lowers the price of the property and vice versa. The differences of preference among household and companies is largely dependent on the regional accessibility.

Q. What are the reasons for lower cost of housing?
A. Some households and companies compromise on the facilities and accessibility to lower costs. However, the increase in accessibility via public transportation and improved road systems over time has increased the market value of these projects.

Commutes via Public Transportation Increasing

While choosing location there are enormous factors involved such as commuting from one place to another. Some people prefer to travel by car while others use trains and buses to reach their destination. However, people have now shifted from commuting through private transport to public transport.

Q. What triggers a corresponding housing demand?
A. The increasing urban sprawl is mainly found in places with predominately single car commuting. The demand for housing in urban centers is increasing as people shift to increasingly available public transportation.

High dependence of the housing market on immigration

The key driving factors of increasing trends towards the immigration is the breakdown of housing absorption. The housing pressure caused by immigration has resulted in increased demand due to a high supply shortage and rising prices.

Q. What are the important factors that has increased the trend of immigration?
A. Wealth effects, growing divorce rates, the trend towards small households, the birth surplus and the trend towards second homes, account for an increased consumption.

Demand focused very strongly on the urban centers

Many factors strongly influence the demand for urban centers and this is why population centers are shifting from rural areas to urban areas. The access to transportation and other factors have strongly influenced this population shift.

Q. How do the housing centers successfully shift the trend from rural to urban centers?
A. In deciding the area to live in, people normally look for the locations that are close to transportation, schools, employment centers and access to shopping and entertainment etc. These factors have largely influenced the population shift to urban centers and away from rural areas.

Tourism Fuels Construction

In developing urban centers the focus is also on attracting tourists. With the increased number of tourists, there will be increase in market value.

Q. Will the housing scheme help tourists to attract and increase the market value?
A. Yes, the increasing trend of tourists in recent years have given it higher value.

Q.Should I invest in land to build vacation rentals?
A. A market analysis should be completed first to verify the needs and demands for the rental market in any given area. A business plan will illustrate the potential costs, risks and profitability of such investments.

Q. What are the risk factors of oversupply?
A. Lack of consistency in tourism and immigration and increasing current and projected inventory levels in the market and population shifts increase the risk of oversupply.

Q. How has the increasing trend of interest rate fluctuation influenced buyers?
A. Due to increasing risk of rise in interest rates, buyers are more attracted towards apartments for rent rather than buying for themselves.