In recent years, many economists have recognized that the lack of effective real estate laws can be a significant barrier to investment in many developing countries. most societies, rich or poor, a significant fraction of the total wealth is in the form of land and buildings. most advanced economies, the main source of capital used by individuals and small companies to purchase and improve land and buildings is mortgages — bank loans for which the real property itself constitutes collateral.
With the development of private property ownership, real estate has become a major area of business. Purchasing real estate requires a significant investment, and each parcel of land has unique characteristics, so the real estate industry has evolved into several distinct fields.
Cities such as Vancouver, British Columbia have experienced remarkable growth in real estate prices in the new millennium.
Real Estate Development
Now a days property is play many role it is use as investing money or for a living purpose. If your desire is invest money in property then it’s not bad for now-a-days. You are looking for living reason there are many precautions that is keep in our mind earlier than the buying. If you are moving out of your rented flat and you want to your bond back. Then decide which city is good for you & your future then decide to buy it .as we know that in metropolitan city the price is touch to sky then it is not easier to buy a house. Then you should city as your budget.
Because the amounts of money involved are typically very large. Most of the real estate development projects are finance with a large amount of debt leverage. Because expense is high, sale is difficult, and return on investment is delayed, real estate investment is inherently risky. A large part of the work of developers is the management of risk.
Successful real estate developers can become enormously wealthy due to the large sums of money being transacted and the value of the assets they control. However, because of the illiquidity of their assets, they are also very often cash-poor. Inability to remain cash solvent is the primary cause of business failure for real estate developers.