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If 1000 new houses get built and get bought instantly it won't have an impact on house prices? I beg your pardon? That's 1000 lots of land out of circulation.
by stevenhuang 3y ago
If 1000 new houses get built and get bought instantly it won't have an impact on house prices?
I beg your pardon?
That's 1000 lots of land out of circulation.
In no uncertain terms, this will have an affect on local market prices, by making the remaining land more valuable.
- slyall 3y agoIt depends what is happening to the houses. If they are empty then prices will remain the same or increase. If they are being rented out then prices to buy should decrease since there will be less demand (since more peopel will be renting and rents will probably decrease).