Economics: a specific market
Introduction
The price of Real Estate property is usually dynamic and subject to variations depending on the nature of the surrounding social and economic activities within the vicinity. This implies that prior to acquisition of property, it is vital to put into consideration future price changes, and forecast the pricing trends of the property in a given time period, in order to evaluate whether the investment could generate the desired returns within a speculated time period (Shavell, 2004). Such decisions are based by conducting a thorough analysis of the background information and economic analysis in order to determine whether it will be ...
