• Events
  • Food
  • Lifestyle
  • Travel
  • Technology
  • Press Releases
  • Contact

The Lifestyle Avenue

Making The Most Out of Everyday Life


  • ACER
  • ASUS
  • OPPO
  • Vivo
  • Gadget Reviews
  • gaming
  • GLOBE
  • SMART
  • Travel and Pose
  • Hotels
Home, Lifestyle

How External Factors Affect Property Values

April 27, 2022

The real estate market is constantly changing and so is the value of properties. With the help of external factors, property values can increase or decrease without any warning.

External factors can have a significant impact on a property’s value, here are some factors and how they influence the real estate market:

Supply and Demand

The most important factor in determining what your home is worth is the demand for housing in your area. This means that if there are more people looking for housing in your area than there are houses available, then you will see a rise in property values.

But if there’s not so much of a demand, then the price will be lower because less people are purchasing properties. 

Interest Rates

Interest rates have a significant impact on the property values of an economy. The higher the interest rates, the lower the property values. 

When interest rates are low, people purchase more properties and this results in a spike in demand for houses and apartments. 

This is because people want to invest their money into something that will generate a return on investment as well as provide them with a home for themselves and their families.

Economic Conditions

The economic climate is always changing and so are property prices. This is because, unlike other assets, property prices are influenced by a variety of external factors, such as the state of the economy, interest rates, and demographic trends.

In general, property prices tend to increase in times of economic growth when there is a high demand for real estate as people want to invest in long-term investments that will provide them with a steady income stream over time. 

But when there is a recession or depression, property prices tend to decrease or remain stagnant because people tend to prefer short-term investments that provide them with immediate returns during periods of financial uncertainty.

The Location of the Property

A home’s location can be a big factor in determining its value.

The cost of housing is a significant part of the overall cost of living. Homes in areas with less crime and better schools typically cost more than those in areas with higher crime rates and lower-ranked schools.

Location can also affect the property’s value due to its accessibility to amenities, such as parks, restaurants, or retail centers.

How Will External Factors Affect Your Home’s Value?

Homeownership is a major financial milestone that most people hope to achieve. However, the value of your home can be affected by external factors such as economic climate and local market conditions.

If you’ve been considering placing your home on the market, it’s likely you’ve questioned what is my home worth a few times. While understanding the external factors that can impact your home’s value is important, the best way to truly have an idea of where your property’s value lies is through the use of a real estate agent.

 

After speaking with a real estate agent about what your home is worth, you will be able to better determine if it’s the right time to sell your home or if waiting some more time to allow external factors to increase your property’s value is more important.

house property real estate
by Athena Jeunnesse Mae Tria 
Leave a Comment

About Athena Jeunnesse Mae Tria

Athena, a Juris Doctor graduate from the prestigious Arellano University School of Law, stands at the intersection of legal expertise and creative expression. Her journey began with an undergraduate degree in AB Legal Management from the renowned University of Sto. Tomas. As an avid blogger since 2011, Athena has honed her communication skills, weaving insightful narratives that resonate with her readers. Her blog covers a diverse range of topics, from travel to personal reflections. In 2012, she expanded her horizons by venturing into event coverage, rubbing shoulders with influential figures and capturing the essence of each occasion. Beyond the love for courtroom and keyboard, Athena immerses herself in captivating books, savoring the art of storytelling across genres. When she's not poring over legal texts, she's battling mythical creatures in video games—a testament to her imaginative spirit. Her love for anime, Netflix series, and Kdramas adds color to her downtime, where character arcs and plot twists fuel her passion. In a previous chapter of her life, Athena wore the mantle of a Twitch Streamer, entertaining audiences with her gaming prowess. These days, she prefers the camaraderie of playing games alongside her Discord friends, sharing victories and laughter across virtual landscapes. Her wanderlust knows no bounds. Athena craves adventure, exploring new destinations, sampling local cuisines, and documenting her experiences. Whether it's a bustling city or a serene mountaintop, she embraces each journey with open arms. In summary, Athena embodies a unique blend of legal acumen, creative flair, and an insatiable curiosity—a remarkable individual whose multifaceted interests enrich both her professional and personal endeavors.

View all posts by Athena Jeunnesse Mae Tria

Related Posts

  • CALOY: Sakto sa Taste Mo
  • Outbound and Inbound Tourism Spending Rebounds on Ant Group’s Cross-Border Merchant Networks During Chinese New Year Break
  • Styles Studio Salon and Spa Review
  • Marriott Manila: Father’s Day Celebration

SUBSCRIBE TO OUR VIP NEWSLETTER!

* No Spam!

previous article: Reader’s Digest Recognizes Most Trusted Brands and Personalities 2022 in PH
next article: BingoPlus: Latest Celebrity Endorser is Luis Manzano

Leave Your Comments Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Looking for?

Hi! Welcome to The Lifestyle Avenue. Established in 2011, The Lifestyle Avenue features almost anything under the sun, from lifestyle, travel, food, tech, finance, gaming, among others.

For partnerships, sponsorships, or event invites, you may contact us at hello@thelifestyleavenue.com.




Blog Awards

MAGIC 6 BLOGGER APPRENTICE 2012

TOP 50 PHILIPPINE LIFESTYLE BLOGS TO FOLLOW

SUBSCRIBE TO OUR VIP NEWSLETTER!

* No Spam!

Categories

Travel

Lifestyle

Reviews

Hot Topics

Android Anime Apple Art Beauty Bloggers Conference Books Burgers Business Cause Chinese Current Events Entertainment Events Family Fashion Filipino Finance Food Gadget Reviews Gadgets Gaming Giveaways Grand Launching Health Health and Beauty Reviews Home Kawaii Lifestyle Listicles Lists Movies Music OPM Pinoy Pinoy Movies Pizza Press Conference Press Release Reviews Sports Technology Tips Travel Uncategorized

Recent Posts

  • All Systems Go For TOYCON POP LIFE CELEBRATION 2025
    Events
  • ALVIERA Sports Program To Reach 10,000 Sports Enthusiasts in Central Luzon
    Sports
  • Discovery Hospitality Corporation and Philippine Airlines’ Mabuhay Miles Forge Partnership to Elevate Tourism Experiences
    Press Release

Recent Posts

  • All Systems Go For TOYCON POP LIFE CELEBRATION 2025
    Events
  • ALVIERA Sports Program To Reach 10,000 Sports Enthusiasts in Central Luzon
    Sports
  • Discovery Hospitality Corporation and Philippine Airlines’ Mabuhay Miles Forge Partnership to Elevate Tourism Experiences
    Press Release

Contact The Lifestyle Avenue

Mobile: +63 917 122 3077
Email: hello@thelifestyleavenue.com
Facebook: http://facebook.com/thelifestyleavenueph

SUBSCRIBE TO OUR VIP NEWSLETTER!

Copyright © 2025 · Prima Donna theme by Georgia Lou Studios

Copyright © 2025 · Prima Donna on Genesis Framework · WordPress · Log in