Remember, in real estate, what you don't know can cost you, not just money but years spent living in a space that doesn't quite meet your needs. With these terms decoded, you're ready to find not just a property but a true home.
To begin with, let us first understand what a peri-urban area means. An area lying on the periphery of urban and rural areas. An area where farms meet cityscapes. However, it is not simply a physical space; it is a complex transition zone. Villages transform into urbanized areas, residents commute to the city, and agricultural fields brush shoulders with housing developments.
When you are discussing real estate, it’s common for the terms freehold and leasehold property to come up. But do you know how they stack up against one another and the premise behind them?
