Prediction of changes in the price of the real estate market

Prediction of changes in the price of the real estate market

Many people who are going to purchase real estate in the near future, in particular, apartments from the developer in the suburbs are thinking and asking themselves questions for a long time, but the right time to buy, whether the prices will fall, whether the purchase is profitable, and whether they are consistent with the price that they are consistent with Pay, market. Then they begin to listen to numerous forecasts of specialists, acquaintances, etc. D., As a result, they cannot make a decision, confused in various forecasts.

You can predict the immediate situation in the real estate market by taking as an indicator the cost of one square meter of housing in the primary market. This cost has the price of all consumables, payment of labor, the cost of land for construction site and a lot of other secondary indicators. But the three main, the above factors form the price of both in the primary and secondary markets, because building materials, given the inflation process, will not be cheaper, the salaries of workers have their own phased growth, the land in each area has formed a certain price.

Therefore, taking even the cost of a square meter in the secondary market, dividing the cost of the object into its area and comparing with the cost of a square meter at the primary, you can predict whether real estate prices will fall in the near future, since the price will not decrease below the cost of new housing. But it is also necessary not to forget about permanent factors-this is the proportion of the demand and location of the object.