These characteristics are generally group into three categories : physical, economic and social.



1. Physical characteristics - real estate said to be fixed in place. This quality of fixity creates security that lenders require in other to know their collateral will be there in the morning if a defaulting borrower should disappear in the middle of night.
Lol you can't run with your property.

using the same reasoning, land is considered to be indestructible. This durability has made land a popular form of investment.


2. Economic characteristics- land has an attribute of being scarce, not in the aggregate sense, since there is virtually an unlimited supply of land that could expanded by more intensive use, but in micro sense of relative scarcity. People congregate in small areas of the world,usually in the cities, where they find the employment and cultural activities that community living develops. As a result of that, the pressure demands upon The relative fixed supplies of land in these small areas creates value, the economic result of buyers bidding against each other for limited supply.
It's a good hedge against inflation

3. Social characteristics : real estate has the social characteristics, defined as the right of the public in the private property of an individual.
A private property owner's right are defined by statute and common law. An owner's bundle of right is limited by the government police Power, which regulate the use of property for public welfare and by power of eminent domain.

Thanks a lot for very useful guidance. I am thinking over purchasing real estate at Asia, one of the touristic directions. I think Thailand is the most appropriate variant, it is rather developed and it's nice for living. Moreover, there are lot of interesting property offers ( http://phuket9.com/properties/lagoon-villa-31 for example ) for rather good prices, gotta think.

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