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Does a Tesco nearby reduce property values?

April 26, 2017Business Estate Finance nearby Property reduce renting Tesco values

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Does a Tesco nearby reduce property values?

1 Answer

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You have it backwards. Residential property values rise when a major shopping center enters a neighborhood. Home buyers appreciate the convenience of being able to walk to shopping, so they will pay more for the property. Your home is going up 10% to 30% in value thanks to Tesco.