Which term describes factors that influence the desirability of a property?

The term that most accurately describes the factors influencing the desirability of a property is demand factors. Demand factors encompass various influences that can affect how attractive a property is to potential buyers, including economic conditions, location, and demographic trends. These factors play a critical role in shaping the market's perception of a property's value and appeal.

Understanding demand factors is essential for assessment professionals as they analyze real estate markets and determine property valuations. These factors can fluctuate based on larger economic trends or local developments, making them pivotal in guiding both buyers and sellers in their decision-making processes.