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What is the main cause behind the fluctuation in real estate prices?

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Question added by Zain Khater , Project Supervisor – StartUp Project , Injaz
Date Posted: 2016/12/28
sani ibrahim
by sani ibrahim , Legal Research Assistant/Property Manager , A.S. IBRAHIM & CO.- THE UNITY CHAMBERS

In a perfectly competitive market, the interaction of demand and supply determines the Price for which a property is bought or sold. The price of a property is determined at the level where demand equals supply. However, where there is a shift in demand or supply of housing in the market, Property prices tend to fluctuate.

Generally, the tendency for property demand, supply, prices and returns to fluctuate around their long term trends or averages constitute a Property Cycle.

Adeyinka Adeniran
by Adeyinka Adeniran , Estate Surveyor , Yomi Ibisola Consulting

when supply is low and demand is high, this cause fluctuation in real estate prices

 

Robert Malak
by Robert Malak , Projects Manager , Ankido Oil Services for General Contracts DMCC

 

Selfishness acts of the few, also known as Greed.

 

 

 

 

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