Want to identify the best place to invest in property but not sure where on the map you’ll get the best return?
Listen to what François Viruly, convenor of the University of Cape Town Property Development and Investment online short course, has to say about what to look out for when deciding where the best places are to invest in and develop property. In this property development course, you’ll explore a host of similar concepts that will help you in your pursuit of effective property management training.
It’s well known that location is one of the most important factors in determining the success of economic ventures. But what determines a good location? Centrality and neighbourhood are two important factors in property development and investment.
Is your property in the centre or on the outskirts of a city, and how is that city predicted to develop? Land is a finite commodity. If you are investing in a highly developed city bound from large amounts of additional growth, your proeprty investment will see increasing returns. The opposite is the case for an investment in an area where there is much room for expansion.
The definition of a “good” neighbourhood is subject to opinion. But when it comes to a good investment, consider the three A’s: accessibility, appearance and amenities. Commuting to and from work is a large part of people’s days, so look for a neighbourhood close to your city’s major routes that have more than one point of entry.
These are three areas you’ll explore over the duration of this property development course.
Want to empower yourself with the skills and knowledge to choose the best place to invest?
Learn to navigate multiple facets of the property development industry and develop a commercially-viable property development plan, with the UCT Property Investment and Development online short course.
The best place to invest in property is in an area with good demographic fundamentals and strong economic growth. Both these issues will be critical in ensuring that properties are let, and that your property will derive the necessary level of income.