Understanding the Relationship Between Economic Cycles and Real Estate Market Performance
The real estate market is closely intertwined with the broader economic environment, responding to shifts in economic cycles such as booms and recessions. Understanding this relationship can provide valuable insights for investors, developers, and policymakers alike. Economic Booms and Real Estate During economic booms, characterized by strong GDP growth, high employment rates, and increased consumer confidence, the real estate market typically experiences significant growth. key factors driving this growth include: Increase Demand: With higher disposable incomes and greater job security,…
