One lesson that economics teaches us is that it isn’t always about numbers. The great psychology of the markets is what essentially makes the world go around. The question is, how we can apply this to real estate and make wiser decisions?
Property experts like to talk with numbers but what actually makes real estate an extraordinary industry is its resilience towards numbers and its reliance on other factors. Determining the value of a property has ceased to be based on sales numbers and median prices, since real estate has begun to develop as a solid investment opportunity, regardless of market trends.
See for yourself the essential factors that will ultimately influence the value of a property.