At a single glance, the real estate market seem monotonous and mundane to an ordinary person. However, it is only when you go in the depths of it, that you realise how volatile the market actually is and the numerous factors that directly and indirectly affect the market. Before we go in the depths of it, let us understand what a relationship estate market actually is. The real estate market is the one that deals with buying and selling of property. This market is affected by a plethora of factors, however you would be shocked to learn that the main determinant of how a real estate developer and market acts is the country it is situated in. For example a Japanese real estate developer would have to work in way completely different than their Indian counterpart
How does the location affect the real estate market
This question is sure to dominate a lot of your minds and the answer is simple. The population of a particular location are the backbones of its particular real estate market. The income, purchasing power etc. determine how a particular real estate market would act and depending on the same, would a particular property dealer act.
Let us take a Japanese property developer. He would have to bend his clientele to the part of the population which has a higher purchasing power and the capacity to pay a significant brokerage fee. This is a classic example of how it is the people and the population that is in power.