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It makes sense that properties with development potential will usually be worth more than a similar property that has no development potential at all.
Yet many times this is not the case. Sometimes a property may technically be suitable based on local zoning permissions, yet no matter how hard one tries it will not show a suitable return to a potential developer.
Why is this so? Although many factors play a part, in a sentence it is because the associated development costs have simply been rising at a far greater rate than the end real estate values. ربح انترنت