This boom or bubble is not only the matter of highly developed countries, rather these surging property prices could easily be noticed even in developing individual countries of the world.
This paper provides an insightful study in the growth of real estate market at an international level as well as for individual countries. This paper is an investigation into the booming of real estate market in many countries of the world relating the heightening prices to the most important factor i.e., demand, and then moving beyond to other factors contributing to the growth of this trend or bubble at such a level. The major causes behind the property market bonanza observed in several countries could also be related to some macroeconomic indicators in a particular country. However, the apprehensions concerning the existence of a 'market bubble' should also not be ignored. Hence, this discussion is also included in the spectrum of our study of real estate market boom.
Real estate market comprises a bunch of residential and non-residential sectors of the economy including housing and commercial construction sector (i.e., offices, houses, apartments, retail buildings, and also dams, bridges, roads etc), brokerage sector and real estate financing, investment and ...Show more