Which characteristic signifies that real estate can be enhanced over time?

The characteristic that signifies real estate can be enhanced over time is the permanence of investment. This concept refers to the long-term nature of real estate investments, which allows for various enhancements and improvements over time. Such enhancements may include renovations, landscaping, or development of additional structures, all of which can increase the property's value and utility.

When considering the permanency factor, it is clear that investments made in real estate are not transient; they have a lasting impact that can accumulate through appreciation and enhancements. This aspect contrasts with other characteristics of real estate, which may relate to its fixed nature (immobility), unchangeable quality (indestructibility), or specific desirability based on location or area preference. While these attributes are significant in their own right, they do not directly reflect the potential for enhancement over time the way permanence of investment does.