Estate agents are individuals or businesses that manage all the processes involved in buying or selling properties. Factors influencing real estate market have direct impact on Warwick estate agents too.
The factors are:
1. Economical: Economical factors are not limited to region but world economy as a whole can influence real estate. GDP, Global recession, wars, natural calamities etc.
2. Government policies: Government fiscal budgets, subsidies, tax amendments etc. can have a huge impact on the trading in real estate.
3. Demand – Supply ratio: The correct balance of demand supply ration in real estate is essential. If the supply is reduced the demand increases which leads to increased interest rates. Whereas if supply exceeds demands the market runs incurs losses which also reduces interest rates.
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