Is it realistic to think that property within the resort will continue to hold its value over time?
A9- There are some strong market trends that are fueling the island’s economy and these seem to be holding strong even in recent times. One primary factor is the limited amount of land available on Hatteras Island: 63 percent is owned by the federal park system, 14 percent belongs to the state, and 11 percent is wetlands. This leaves only 12 percent of all land available for private development. Both its pristine beauty and scarcity of supply make this a highly desirable location that will only increase in value as demand continues. Another important factor is the underlying consideration of most real estate investments – location, location, and location. Miles of surrounding beaches and spectacular views make this a great investment opportunity at values much more attractive than other East Coast resort areas where prices are often three to four times higher. With a steady supply of over 300,000 visitors per week to the Outer Banks during the vacation season, the area is constantly gr
Related Questions
- What will be the value of property at the time of execution of conveyance deed i.e. whether it will include ST payable by the buyer?
- Is it realistic to think that property within the resort will continue to hold its value over time?
- I think the Auditors appraised value is too high for my property. What are my options?
