
The law of supply and demand in the development market
It is the oldest law of economics, which acts with ruthless force in the real estate market. When there is a shortage of manpower and materials, the supply of new apartments drops. If at the same time the government throws in cheap credit, demand skyrockets. The effect is a drastic price increase. On the other hand, when developers deliver too many apartments and there are no buyers, the fight for the customer begins. Under such conditions, the secondary market, free from developer margins and agency barriers, where trading takes place directly, often becomes the healthiest buffer for those looking for real price bargains.
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