Real estate prices in the country can be affected by a wide range of factors, including:
1. *Supply and demand*: One of the main factors is the ratio of supply to demand. When demand is high and supply is low, prices tend to rise, and vice versa.
2. *The state of the economy*: The general state of the economy, including the unemployment rate, economic growth, and income levels, affect the purchasing power of investors and buyers.
3. *Interest rates on loans*: The interest rate on mortgages affects people’s purchasing power. Low interest rates encourage the purchase of real estate, while high interest rates may deter potential buyers.
4. *Infrastructure and services*: Investments in public infrastructure such as transportation, water, electricity, and other public services increase the attractiveness of certain areas, which can lead to an increase in prices.
5. *Government Policy*: Real estate laws and regulations, including taxation, investment incentives, and urban development, can affect the real estate market.
6. *Future Development Plans*: Future urban or tourism development projects can affect price expectations and demand in certain areas.
7. *Demographic Trends*: Changing population composition, including internal migration, population age, and birth rates, can affect demand for real estate.
8. *Geopolitical and Security Fluctuations*: Security or political situations can affect investor confidence and the desire to purchase real estate.
9. *Rental Market*: Rental prices also affect real estate prices. When rental prices are high, this can increase the demand for property purchases.
10. *Development and Construction Market*: Construction and development levels affect supply in the market, with an increase in construction potentially driving down prices, while a lack of construction could drive them up.
Understanding these factors can help investors and buyers make informed decisions in the real estate market.