The term “new developments” typically refers to residential property developments. While you may occasionally encounter a single one-family home, most developments involve multiple properties which are generally constructed by the same builder or developer.
New developments take many forms, from stand alone homes and gated communities, to townhomes, condominiums and apartment complexes.
New developments often arise around areas of thriving economic activity and investors favor them due to the ease of resale. Prospective home buyers love them due to the newness and the modern features.
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