o Of all the characteristics of land, location has the greatest effect on property value. Land's immobility, a basic physical characteristic, or location of a parcel of land, is both unique and permanent.
o Therefore, if the land is located in an area where available land has a high demand, the land has a substantially higher value. The loss of value can also be a result of location when a negative influence occurs outside the property
· 影响房产价格的经济因素 that affect land use / value
o A few examples
§ Local property tax assessments;
§ Tax rates;
§ Wage and employment levels;
§ Interest rates;
§ Availability of financing;
§ Zoning;
§ Growth in the community;
§ Building codes;
§ Fire regulations; and
§ Local and regional land use planning
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