Not Available (N/A)

E

Demand, supply, the property and the property transfer process all are determinants of real estate value.

The four major determinants of real estate value, also known as the four factors of production, are important considerations in assessing the worth of a property. They are:

1. The property itself: This factor refers to the physical characteristics and attributes of the property, such as its location, size, condition, amenities, and architectural design. These aspects can significantly impact the value of real estate. For example, a property located in a desirable neighborhood with good schools and convenient access to amenities is likely to have higher value compared to a similar property in a less desirable location.

2. Demand: Demand refers to the desire or need for the property by potential buyers or tenants. The level of demand is influenced by factors such as population growth, economic conditions, employment opportunities, and demographic trends. Higher demand generally leads to increased property values, as more people are willing to pay a premium for properties in high-demand areas.

3. Supply: Supply refers to the availability of properties in the market. It considers factors such as the number of properties available for sale or rent, new construction projects, and the overall inventory of properties. The supply of real estate affects its value, as an oversupply can lead to decreased prices, while a limited supply can result in increased prices due to scarcity.

4. The property transfer process: This factor is not one of the major determinants of real estate value. The property transfer process refers to the legal and administrative procedures involved in buying, selling, or transferring property ownership. While it is an essential aspect of real estate transactions, it does not directly influence the value of the property itself.

Therefore, the correct answer to the question is D. the property transfer process.