While property values generally have increased over the long term, they have declined in recent years. The days of assumed automatic property appreciation are gone. In contrast, the scarcity of prime real estate in most metropolitan areas has caused land values to jump and landowners to hold on. As a result, investors and developers are exploring a variety of real estate investment options.
By: George L. Renz, Published in CIRE Magazine
Click to read more: Fundamentals of Land Leases