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It is not necessarily more expensive always. Property values tend to increase as surrounding improvements occur. This could be an improved access road, a park, commercial bulidings, or other homes. Centers of town are usually where development starts and then expands radially as the population grows. If the land is more expensive it is because the surrounding businesses are prosperous and the residents of the nearby home have a higher annual incomes. From economics we know that higher demand increases costs.

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15y ago
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6mo ago

Land closer to the center of a town is more expensive due to the increased demand for its convenience and accessibility to amenities, businesses, and transportation networks. This high demand leads to higher property values and therefore higher land prices as people are willing to pay more to live in such a desirable location.

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Q: Why is land more expensive nearer the centre of a town?
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