1. Population growth: The population number increases for residential properties which help estate agents directly. This then affects the value of the property which distances consumers.
2. Inflation: Inflation is when there is a circulation of money going around excessively which will reduce the value of money. This will then increase things like land prices, construction material, labour and legal building permits.
3. Infrastructure: Infrastructure can change also which is a major growth in the real estate agent market.
For more information, please visit:
https://www.msn.com/en-in/news/real-estate/what-increases-the-market-value-of-your-property/ar-AAgzFHP
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