A general decline in the market value of real estate.
Property abandonment or renunciation that is done on purpose. A state of decay.
A sketch or drawing of a building plan made by an architect.
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The gradual depletion of a property’s usefulness due to wear and tear or decay and decline caused by natural causes. One of the causes of depreciation and value loss.
A structure that resembles a house and is used to entice prospective buyers to enter into contracts for the purchase or construction of similar structures.
A display home is typically located near new housing estates or on a major thoroughfare.
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A location with a common characteristic use (such as a retail district, residential district, etc).
The lease term. The amount of time the property is leased for. The term of a lease.