With environmental concerns growing, groups pushing for more green areas are growing as well. After all, who would argue with a new park near the city center, with trees, lakes and all those outdoor recreational activities we value? Perhaps a real estate developer would argue otherwise, but the pressures against them are huge.
The influence of "supply versus demand" is in play in these situations as regards real estate values. It's more than just the fact that there is less land available on which to build.
- Values of property around these park areas will rise at an above normal pace.
- Improving the quality of life in an urban area can stimulate significant growth and yet more development.
Real estate investors will benefit by keeping abreast of these type of land conversions. It's not about trying to buy into a quick profit, but more a long term approach to buying into area growth and appreciation.
