Asked by Anonymous
Asked 3w ago
A supply and demand question.
Various factors will affect the supply and demand equilibrium
How many buyers
How many Sellers
More BuyersSellers = Higher Prices, vice versa
Interest and Borrowing Rates. Lower interest rates, higher prices
Regulation and policy changes - Lower liquidity, lower prices
These are the factors in a general sense which affect the market.
Whether or not the recession will hit property markets depends on your assessment on whether the direction of the above factors will lead too.
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Likely since there's a lesser demand for private property. There will be higher rate of unemployment and people will worry about meeting their daily needs rather than changing their home which will cost a lot. https://tradingeconomics.com/singapore/housing-index
The graph above shows a decrease in the index during the '97 Asian Fianancial Crisis and '09 Global Fianancial Crisis 2009.