Location plays a crucial role in the rental market as it affects demand, rental price, and rental yield. Properties in desirable locations tend to have higher demand, command higher rental prices, and have better rental yields compared to those in less desirable locations. Factors such as proximity to amenities, transportation, and safety can greatly impact a property's location value.
The Impact of location in renting a property.
- Thread starter IB D
- Start date
Yeah, sometimes the location of the business can make you think that the business is not lucrative. That is why location is one of the most important things.
Yes, the owner of the property can ask for a much higher rent if his property is located in a good area. An area with good schools, amenities and easy access to MTR.
Definitely, location is very important in rental market because people like to have homes and shops in good places.
Yeah, locations that are in city centre can cost a lot of money if you want to rent it. That is why to buy a land in such area, you must pay a lot of money.
I think that is how it is in every country of the world. Properties that are close to the city or in a city are usually very much expensive when compared to the ones in rural areas.
We have two houses. One in the village and one is in town. The one is town, another tenant pays down before the rent of the current tenant expires. The one in the village, we are begging people to stay in the house just to help sweep the compound.
Lol, in the village almost everyone I have their own houses, so, many people will not actually rent it. But having houses in towns or cities is lucrative because you can easily rent them out.
It is also the same thing here. If the rental property is situated near the center of the city, it is quite expensive. Although some people prefer to rent in places that are not walking distance to their workplace.
people that have a lot of money usually prefer to rent their properties in cities. But people with low budget always go for rural areas because they are cheaper.
The same way location is very important for all kind of businesses is the same way it is in real estate. Well developed location pays more in real estate.
Yeah, if you buy properties in rural areas and leave them for some years you will make more profit. Real estate investors always look for cheap properties to buy for future purposes.
