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Nov.8
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Nov. 8

 

Today, we had a meeting together to talk about the reasons which could affect the price of real estate. After discussing, we thought of four reasons which were population, society, international and economy. First, if the number of population is increasing, the need of houses will increase; then, the developers will improve the houses' prices. And vice versa. Second, for example, if there are poor social security in some areas, people will worry about their safety and don't want to buy the houses there, which will lead to the houses' prices slowing down in that areas. Third, the world economic situation, particularly surrounding countries' economic situations could impact the prices of real estate. In general, a good world economic situation can benefit the price increasing. Fourth, for example, if people can make more money, they will be eager to have better and high-quality lives. Also, their living and activities spaces will be expanded, thus will increase the demand for real estate in real estate prices.

 

Enjoy!

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