What drives property prices

THE EDITOR: Despite economic downturns and layoffs, real estate prices often remain stable or even rise due to various factors.

High employment rates can bolster demand for housing, sustaining prices. Additionally, low-interest rates and limited housing supply can drive up costs.

Real estate markets can exhibit resilience, influenced by long-term investment trends, government policies and regional variations. Therefore, while economic challenges may affect individuals, they may not always directly correlate with fluctuations in property values.

GORDON LAUGHLIN

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