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Which of the following statements about real estate assets are true?

4. Which of the following statements about real estate assets are true?

 

  • Real estate assets have a high unit value.
  • The value of real estate assets is easy to estimate.
  • When investing in real estate assets, local knowledge is important.
  • Real estate assets are not very liquid (i.e. it takes time to sell them) and lack transparency (i.e. it is hard to gain access to transaction prices).
  • There are no pronounced cycles in the aggregate price of real estate assets.
  • Real estate assets are homogeneous (i.e. the characteristics of two real estate assets are generally the same).