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Area preference
Also called situs or location refers to people's preference for a certain area the properties location is considered the most important economic characteristic of Real Estate
Area preference characteristic
Prospective purchasers of property will attach great importance to the surrounding area when making a decision in determining the amount that they are willing to pay
The preference for certain areas that meet the needs of perspective purchasers will affect the amount that I will to pay and there for the value of the property
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