What role does infrastructure play in determining property values?

Infrastructure plays a crucial role in determining property values because it significantly enhances accessibility and desirability for both residential and commercial properties. When areas are well-served by infrastructure such as roads, public transportation systems, utilities, and amenities like parks and schools, they become more attractive to potential buyers and investors. This increased accessibility means that residents and businesses can easily reach key services, leading to higher demand for properties within those areas.

As demand rises due to improved infrastructure, property values generally increase as well. Furthermore, desirable locations often attract additional development and growth, further enhancing property values over time. Therefore, the positive relationship between robust infrastructure and elevated property values underscores its importance in real estate planning and development.