Compass Real Estate > Cambodia Investment Guides > What are the factors affecting the price of second-hand housing?

What are the factors affecting the price of second-hand housing?

1917
2019-08-28
Summary:If you are interested in second hand housing, there are some advice.

1.Regional area and surrounding supporting facilities :   Good regional location has a great impact on the pricing of second-hand housing. Generally speaking, good regional location includes mature transportation, medical, commercial and other supporting facilities, as well as good natural and cultural environment are the main reasons for high housing prices. Nowadays, property buyers pay special attention to educational resources, after all.   

2. Residential Quarters Developed by Brand Developers:   Brand residence will affect the pricing of second-hand housing, the overall planning and design of residential area and the quality of property services, the impact on housing prices is relatively obvious. In recent years, the majority of consumers from the material demand gradually turned to the spiritual demand,they buy the housing not only to meet the needs of living, but also they want the community with greening rate, and clean and beautiful environment, good property services and other aspects of the quality of life needs. Brand developers and brand property will make consumers more comfortable which will add a lot of bright spots to the housing. Thus housing prices will naturally be high!           

3. Housing itself: Housing itself factors will affect the pricing of second-hand housing the main factors, housing itself, type, orientation, housing service life, floor, landscape, lighting and decoration will affect the transaction price, after all, buyers still need to pay attention to the housing.            

4. Mainstream unit arounded : The number of mainstream households around housing will affect the pricing of second-hand housing. If small unit are the mainstream in a region, the price of large three-bedroom and four-bedroom unit will be slightly higher. On the contrary, the price of small unit may be slightly higher if large unit is the mainstream and small unit is relatively few. 

5. Consumer Psychological Factors : Consumer psychological factors mainly include consumers'psychological barriers, preferences for housing and trading mentality. If it is not for economic constraints, people are often reluctant to buy second-hand goods. In general, the preference and trading mentality of the buyers have a greater impact on the price of second-hand housing. If the buyers prefer the housing in a specialized area, or the buyers are anxious to buy housing, the prices of these housing will also increase to a certain extent.            

6. Market factors : Market factors mainly include economic conditions, real estate market and market supply and demand. Among them, the supply and demand of the market has a great impact on the price of housing. When the supply of housing in an area exceeds the demand, the price of housing will rise. Conversely, when the housing supply is exceed, housing prices will decline. Above is the information about the factors affecting the price of second-hand housing introduced by Xiaobian. If you are interested in second-hand housing and want to buy it, I hope the knowledge summarized by Xiaobian can help you.



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