Posted on: 07th Aug, 2013 12:43 am
The value of my property has increased to a great extent. Someone told me that it is due to the interest rates which are low. But I thought that the change in price is mainly due to supply and demand. Does the interest rate impact the rise in property value?
Supply and demand does play a great role in increasing or decreasing property value. If the number of inventories are less, then automatically the property prices will rise.
Hi Ritchy!
Welcome to the forums!
Interest rates may not have much impact on the price of the property. As Niicss as said, the price of the property mainly depends upon supply and demand.
Sussane
Welcome to the forums!
Interest rates may not have much impact on the price of the property. As Niicss as said, the price of the property mainly depends upon supply and demand.
Sussane