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America And England Property Market Development Tend: In Demand And Supply View

America And England Property Market Development Tend: In Demand And Supply View

          
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About the Book

⦁What Drives US and UK Property Market Supply and DemandIf real estate investing was easy, everyone would be doing it. The truth is, no matter how hard you work on your investment property, there are certain factors driving the real estate market that you simply can't control. These factors will affect everything from housing prices, to the optimal rental strategy, to your potential return on investment. To become a successful real estate investor, you need to be aware of these factors to evaluate how your real estate market is doing and determine whether or not buying an investment property is a smart decision. Here are 4 of these factors: Factor 1: DemographicsWhile demographic factors (such as age, race, gender, and median income) are often overlooked, they're actually significant to property investors. Such factors will help you anticipate real estate market trends which, in turn, will influence your investment decision. For example, knowing that a certain area is home to aging baby boomers and retirees or is attractive to young millennials starting families and building their careers will give you a better understanding of your prospective buyers/renters. This will also affect the best type of rental property to invest in and what to look for in an investment property.Demographic factors also have a tendency to affect the housing market in terms of demand. Property investors should be aware of whether the population is increasing or shrinking. Simply ask yourself: Are people moving into or out of the city? If you're a real estate investor depending on rental income, this is a crucial factor to take into account. Investing in an area with a growing population means a larger pool of potential tenants and higher occupancy rates. Moreover, when the demand in a real estate market increases, so will home prices and rental rates. As a result, you can charge tenants of your rental properties higher rents and make a good return on investment.Factor 2: Economic ConditionsThere's a positively correlated relationship between the economy and the real estate market - when one rises, the other rises as well, and when one falls, so does the other. This is why the economy gets blamed for every real estate downturn. First of all, the overall health of the economy plays a major role in the value of real estate properties. Secondly, the job market contributes the amount of money available for people to buy homes. A city with a stable and growing job market will have a stable and growing housing market.Job market growth, by itself, is an important factor seeing as it's tied to the increase in population - markets offering more job opportunities will attract new residents. Moreover, if you're investing in a rental property in a growing housing market, charging higher rents becomes more reasonable because tenants won't have trouble paying. Therefore, property investors should look at the employment rate and projected job growth in the real estate market and, using our property finder tool, find the best rental properties for sale in the cit


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Product Details
  • ISBN-13: 9798620454488
  • Publisher: Independently Published
  • Publisher Imprint: Independently Published
  • Height: 254 mm
  • No of Pages: 148
  • Spine Width: 10 mm
  • Width: 203 mm
  • ISBN-10: 862045448X
  • Publisher Date: 02 Mar 2020
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 421 gr


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