The loss of the value of real estate due to changes outside the particular property affected, e.g., a decline in the neighborhood or change in zoning.
The loss of value of real estate due to changes occurring outside of the affected property, such as a decline in the neighborhood or changes in zoning.... read full article
is the decline in real estate property value caused by external forces, such as neighborhood blight or adverse development.
A decline in the economy that negatively impacts real estate values.
The decline in value of a property which is caused by reasons outside of the property itself.
Loss of value from all causes outside the property itself.