In my area/city/country, there are people who want to buy “empty small land” (categorized as agricultural). They buy this type of land mostly as a hobby farming thing.
Empty land looks ugly to me. I think land that has some nice trees looks better. Therefore it must have more value. Maybe it would increase the sales price by 50%. Any ideas? Anyone knows? I don’t know.
My area is DRY: https://i.postimg.cc/DzFFDSPc/image.png
Prices in green areas of the country are way higher. Like 200%+. Though I didn’t look at all areas.
This country is MOSTLY dry. Cities are MOSTLY concrete jungle and ugly.
That’s a basic economics thing that doesn’t have an easy answer. But basically, at lower prices, people generally demand a higher quantity of something. Raise the price, and people start to think twice and consider other options. Supply is the opposite: at a higher price, more of a product will be produced (or in the case of pre-owned land, landowners are more likely to cash out). At lower prices, people won’t bother.
So in the case of land, price is affected by what people want, but also what’s available. If there is a lot of open space and that’s what everyone wants, groovy! But if people want limited amounts of tree land, prices are going to skyrocket for that and people will look at open land as an alternative.
Pretty land is definitely rare here. I’ve never seen a similar project that is green
People drive for 2 hours to go to green areas for picnic for example. Almost all buyers of this type of land grew up in a flat and they overvalue greenery compared to someone who grew up in a house with backyard.