Recent Trends in the Real Estate Market and its Analysis, 2013, Volume 1

Abstract

Real estate markets, including residential markets, are subject to cycles and are determined by local factors. This dependence is the result of local interactions of a variable demand and rigid short-term supply, which results from the relation between the real sector of the economy (real estate developers, construction companies, home buyers), the financial sector (providing financing for home construction and purchases) and the public sector (regulating the market).