Real estate prices are not the main way to assess real estate value.
14-12-2018, 10:49
Real estate prices are not the main way to assess real estate value. You won’t believe it, but a strong indicator of the value of the area and house is often a nearby coffee shop at a popular brand. In some countries, this is called the "Starbax effect" - apartments in houses adjacent to the Starbax in the USA and Europe are more expensive. In the United States, prices for apartments in houses are further increased, next to which they build a store of the popular Targets chain (chain of retail stores) - the prestige of these houses is higher and the level of comfort in such houses is also growing. In your city, the criterion can serve as popular retail chains, and the higher the prices of goods in them, the more real estate will be valued nearby.