In red-hot real estate markets, it becomes hard to value properties as many factors come into the equation: location, size, layouts, proximity to the sea, renovations, in addition to comparable launches taking place at hyperkinetic speeds.
Typically, during this time, there are a number of buyers who go for older properties, as the gap rises between prices of older and newer builds. Built into this decision is the factor that there are a number of renovations needed for older builds.
