The real estate market is one of the most important markets and has a vital impact on the value of investments, governmental and social sectors. We find that every investment is affected by its real estate, such as restaurants’ prices.
The real estate market consists of two parts. First are the buyers who are looking to buy a property for them to live in. And secondly, the investors who do direct investments through specialized companies.
Types of products in the real estate market:
● Residential properties
● Commercial properties
● Industrial properties
● Agricultural properties
Some many factors and circumstances affect real estate prices, including:
● Rise of purchasing power
● Local economic policies
● Local policies towards housing
● Real estate conditions
● Development cost
● Growth of the population
● Time factor
The stability of the real estate market has many positive impacts on the economy overall. For many years, the real estate sector has been an important pillar of the economy, because it intersects with other sectors. Therefore, this sector should be transparent with the actual market status to avoid offering high prices.
It is important to look at the current real estate market from scientific and economic point of view. Each country increases its efforts in developing more projects that are suitable for the current market demand.