Land Characteristics

published by yre_admin on 10. February 2012 - 21:22

Physical Characteristics
- Immobility – Parcel cannot be moved.
- Indestructibility – Parcel cannot be destroyed.
- Nonhomogeneity – Each parcel is unique.
Economic Characteristics
- Scarcity – Limited amount of earth surface.
- Improvements – Value changed with modifications.
- Permanence of Investment (Fixity) – Investments take long time to pay off.
- Situs – Location is most important characteristic.

YancyRE