REAL ESTATE INDUSTRY
Essay specific features
Written by:
Kay A
Date added:
June 17, 2014
Level:
University
Grade:
B
No of pages / words:
7 / 1889
Was viewed:
5458 times
Rating of current essay:
Essay content:
Like other economic markets, real estate markets have internal and external forces that make impacts in the market (Seldin & Richard 1985).
Demand and supply forces have the major impact in the industry as they determine growth or decline in the market (Seldin & Richard 1985). Owner, renter and user are on demand side of the market that is they are consumers...
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Owner, renter and user are on demand side of the market that is they are consumers. Developers, financiers and renovators are suppliers (Acton et al 1999). Unlike commodities market demand and supply forces do not float easily. This is because of the uniqueness of this market. Real market industry has these unique characteristics, durability of products as buildings can last for decades or centuries...
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