The type of real estate may consist of vacant land, residential property which may include houses, apartments, commercial property and industrial property.
The main factors which influence and determining the type of residential property to buy include the following:
a) Budget ~ houses are generally more expensive than apartments
b) Personal circumstances ~families will generally prefer living in a house than an apartment while singles and couples may find apartments a more conducive to their lifestyle needs
c) Personal preferences ~ your personality and lifestyle preferences will influence your choice of location, demographics, public amenities such as schools and transport
d) Yield ~ apartments will generally return higher yields than houses and vacant land, easier to maintain and offer higher security for occupants
e) Capital growth ~houses and landed property will generally command higher capital growth than apartments over the long term.