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6 January, 16:10

Property that is appropriate for one type of use or limited use is known as what?

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  1. 6 January, 16:27
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    Special-purpose real estate

    Explanation:

    Special-purpose real estate

    - it is referred to the type of property that is constructed for one specific reason or it is constructed for one purpose on which it was built. It cannot be altered in the future for any other purpose.

    example of Special-purpose real estate is hospitals, theater, mosque or any other religious place, etc. As it is a unique structure, therefore, the market of this type of property is also limited.

    T
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