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Why Property Prices Go Up and Down
Understanding real estate is simple when you break it down: prices move based on supply, demand, money, and psychology. ⚖️ Supply vs Demand (The Biggest Driver) This is the #1 reason prices change. High demand + low supply → prices go UP Low demand + high supply → prices go DOWN 👉 Example: If many buyers compete for few homes → bidding wars → prices rise If many homes sit unsold → sellers lower prices 💰 Interest Rates (The Silent Controller) Interest rates control affordabi

Nicole Ritchot
Mar 26
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