...area of the building, the facilities available in and around the building, proximity to various facilities like education, medical, entertainment, public transport facilities and other facilities.
Then there is valuation based on the type of property: whether commercial or residential. Generally, for a given location, the valuation of commercial property is much higher than residential property. The profession and income levels of the residents also influence the value of a property to a certain extent.
Case Study : London
"The Isle of Dogs now centres around Canary... Introduction Property valuation is an exercise in itself. It has to take into consideration a number of factors ly, the location or...