Choices | A lot down | Somewhat down | Stable | Somewhat up | A lot of increase |
Agricultural land | |||||
Urban land | |||||
Office | |||||
Shopping | |||||
Industrial properties | |||||
Hotels | |||||
Resort properties | |||||
Rental housing & rental apartments | |||||
Owner-occupied apartment or condominiums | |||||
Detached houses, rowhouses or low-rise residence | |||||
Residential land subdivision | |||||
Retirement living |
2022
Rule of economics. But small areas may sell quickly but not big areas.
No investment in real estate
Appraiser / Valuer
Reason: There had been no sale. People could not go out due to lockdown to see property which was available in plenty but with large areas holding the rate over the period. Now there is a crunch in cash flow. To relieve rates may come down . Still it is not seen as lock down continues with some relief.