The definition of a market trend in property is a tendency of a property market to behave in a specific manner or to move in a certain direction over a period of time, which is generally based on a sound historical data, various economic and non-economic factors.
A market trend in property is determined by a sound historical data, various economic and non-economic factors. We will assess in-depth each of these factors to better understand how it impacts the market trend starting from a historical data point of view.
In the preceding article, we have examined the application of growth percentage for establishing the historical market trend from past to present. However to correctly identify future market trend, we require a collection of additional indicators that could help us to predict the direction of both supply and demand factors in the housing market.
Several economic factors play a definitive role in identifying future market trend. We will explore these aspects in detail on this segment.