Introduction
Real estate economics entails the use of economic analysis techniques to determine the trends in real estate markets. The underlying objective of real estate economics is to offer a description, explanation and a prediction of the trends of demand and supply in real estate markers. This denotes the significance of analyzing the impacts of structural and business factors on the trends of real estate market. The most significant factors that influence demand in real estate markets are demographic factors. However, there are other factors such as levels of income, credit availability, and preferences of the consumers, price of housing substitutes, and ...