Demographic environment in Real Estate of South Africa/interest rates/inflation/scarcity and choice

Question

The cncept of supply and demand in relation to the Real estate environment and the buyer versus sellers market. The concepts of scrcity and choice are discussed in relation to the Real Estate environment.The socio-economic factors that impacr Real Estate.Political invironment is described in relation to how it affects the success of the Real Estate function.The tehnological environment and its related trends are discussed in relation to the use of the technology in Real Estate.The competitive environment is dscussed in relation to the Real Estate industry and how this affects own RealEstate context.

Answer 1

Indicate the understanding of supply and demand in real estate

Answer 2

Please indicate the concepts of scarity and choice thst effect buyer versus sellers