One of the many features and contributing factors to the economy is through the ownership of residential property within the Aeroconomy world.
A property located near an airport plays a critical role within the economy! A property (based on it's size) will guarantee to increase passenger numbers to all airports within 50km of its location. The closer the property is to the airport, the more passengers it will generate, and the larger the property also further increases these numbers!
There are four ways to own or utilise residential property within Aeroconomy and it's relationship and direct impact on the economy changes based on several factors.
As a property owner you would have either built the property, purchased the property from another player, or have bidded on and won it at an auction!
On top of owning the land, a property gives you these very lucrative perks:
Properties will automatically go to auction if the owner account is unable to keep up the tax payments which realistically could, assuming no other automatic outbound payments, could take years.
Purchasing property is as easy as finding one in the Auction or sending an offer to another player.
However, if the area that interests you has no previous properties, you will need to get Planning Permission and then build your own property there.
Once you have purchased a property, we recommend checking out the Property Owners page, for tips and information on how to manage your new land!
Sometimes you may not desire to purchase a property, but rather be a tenant and lease it. In that case, you can have a contract with the Property Owner (another Aeroconomy player) that enables you to access all the perks and services of a property, without having the land rights. That means you can not sell the land, or sub-lease it, renovate it or otherwise edit it.
Tenancy contracts require weekly payments, and do not have any set expiration dates or minimum lease time.
Properties come in 3 types and sizes:
The smallest property money can buy
Houses are a great start for new players, as they are relatively cheap, and due to their size have less taxation, thus having lower maintenance costs!
The largest property available
Mansions can increase the revenue in an area, enriching the property owners nearby and making an airport more high-yielding for companies!
The largest strategic property
If you extend your property to a Hotel, you lose the free personal hangarage and tiedowns at local airports!
A Hotel is a great way to establish popularity in an area. The severe appeal for passengers to stay in the area due to the building, can profoundly increase the overall profits in the area due to shear volume of new jobs available!