the location. Natural locational attractions include water supply, climate, soil fertility, waterfrontage, and mineral deposits. As the area develops revolving around such natural resources, these developments become components to look for when determining land use and real property values. The surrounding development and proximity, such as markets and transportation routes, will also determine the value of the real property.

Supply of urban land

Although the overall amount of land (in terms of its surface area) is fixed, the

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