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when the economy situation is in recovery, the real estate will improve automatically due to cash flow available in the hands of people whom will invest totally or oartially in real estate.
The economical situation of the country effects all the sectors of the business. The economical factors include interest rate, wages rate, inflation rate. if the economic condition of a country is favorable then all type of businesses will flourish and as a result the real estate will also go upward.
Definitely. Values of Real Estate is dependent upon the income it generates, which means that when the country's economy is on an upswing, the greater is the demand for real estate for purposes of investment & development. The upswing in demand translates into an upsurge in real estate prices & values.
Real Estate and economy may work in same direction or in opposite direction. If investment in real estae is proportional with economic growth, then it has a positive relationship and may result in further growth and lead the economy towards betterment. However if investment in Real estae undergoes a boom only because there are no other benefial options available, then it might only be an isolated segment of the economy and the returns will also remain isolated among the concerned people/class.
There is a cause and effect relationship between real estate and the economy. The relationship can be seen from both sides. In the USA the colapse in value of real estate was the cause of the economic recession in 2007. However in Angola the government with the help of the Chinese Government built 750 no 8 storey apartment blocks that were supposed to be occupied by the citizens. The economy in angola is still weak, the middle class in non existent and incomes very low. As a result the houses have not been purchased because their cost is much higher that the price that the people can afford.
No there is no relationship it is totally privetise, economical situation of the country depends upon the yearly budgetory system.
Yes, actual real estate is one of the factors influence the economie of a country.
Yes. They are interlinked. If economy is strong then people dont mind investing in new homes or bigger homes.
Yes.They depend on each other.when the economical situation of the country improves real estate value directly takes jump.
Yes, definitely. The better the economy, the more attractive property becomes and the scarcer it also becomes. This will drive prices upwards. The opposite would also be true in that if the economy is faring badly, in some cases forced sales will be prevalent and drive prices lower, let alone the relunctance of buyers or investors to become involved.