Description:
The real estate and property management sector involves businesses related to buying, selling, renting, and managing properties, contributing to the local housing market and infrastructure development.
Examples:
– Real Estate Agencies: Facilitating property transactions.
– Property Management Firms: Overseeing rental properties on behalf of owners.
– Land Development Companies: Contributing to urban planning and development.
Typical Minimal Size of Population Served to be Viable:
A small city with a population of around 6,000 to 10,000 may support basic real estate services, while a population of 12,000 or more allows for a more dynamic real estate and property management industry.