The economy is something that all people have to watch for. For the past years, every people in this country have praying for its improvement. Because of the recession, many got hurt from the process.
บ้านมือสองนนทบุรี is because it was accompanied with inflation and unemployment. The existence of these two things had a major effect on the real estate market. Since the recession, unemployment and inflation generally caused problems in the real estate sector. Because people had no jobs, they had problems paying their mortgage. Because of inflation, interest rates became higher. Inflation also caused people to reduce spending, which lead to low sales, which also caused the lowering of the market values of the houses. It also has a domino effect to the financing sector.
Because home values dropped people had difficulties obtaining refinancing. As a result, foreclosure rates increased. And the lending industry had to hold back on financing as they are incurring more and more losses. But now, the economy is said to improve. As per the latest report, the GDP has been increasing. From the last quarter of , there was an increase to . from . of the third quarter. This is such a sign of improvement. But with growth the economy has obtained, how will this affect the real estate market As what experts think, this kind of increase isn’t enough to sustain the economy.
Yes, the increase is a good sign. However, with the rate of increase the economy has, it would not be sufficient to say that recovery would take place anytime sooner. Hence, this would also mean that the real estate market would not be any closer to its recovery as well. The real estate market is affected much by the growth of economy.