Developers are increasingly investing in remote locales as price appreciation slows in traditionally developed areas.
Small islands and distant reaches are attracting developers, as price appreciation is declining in the more accessible and developed areas. Major plans are underway to develop massive housing projects on such remote areas as Cape Verde Islands, more than 300 miles off the coast of West Africa.
" 'There is pressure to discover the new location, to find the unspoiled beach and create value and outperform the market,' said Liam Bailey, head of residential research for Knight Frank, the international real estate company."
"While speculators are always looking for deals, the search for sun-splashed locales has taken on a new intensity as price appreciation slows in traditional hot spots, analysts say."
FULL STORY: From Cape Verde to Borneo, developers push into new areas
Seattle Legalizes Co-Living
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NYC Officials Announce Broadway Pedestrianization Project
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Chicago Budget Fails to Include Snow Plowing Program
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Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
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American Planning Association, Sustainable Communities Division
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