What impact does "infrastructure" have on property value?

Good infrastructure plays a crucial role in enhancing property value because it provides essential services that improve the quality of life for residents and facilitate economic activities. Proper infrastructure includes access to transportation, utilities, communication networks, and public services like schools and hospitals. When a property is well-connected to these resources, it becomes more attractive to potential buyers or investors, leading to increased demand and, consequently, higher property values.

For instance, homes located near well-maintained roads, public transit options, and reliable water and power supply are often seen as more desirable. In contrast, properties lacking access to such infrastructure may face challenges in attracting buyers, leading to stagnated or lower values. This relationship illustrates how the presence and quality of infrastructure can impact property value positively, making it a critical factor in real estate valuation.