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Thursday, November 21, 2019

What is the mean by Economic obsolescence in real estate?

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If you are searching for the meaning of Economic obsolescence in real estate and also a definition of Economic obsolescence,  then this blog post is helpful for you

Definition

Loss of value of real property due to external forces or events; e.g., a sewer plant is built next door to the subject property. Contrast with Functional Obsolescence.  

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