The population in my country is growing very slow but the market of new houses is big. Why?
2007-08-11 09:11:57 · 5 answers · asked by Lost. at. Sea. 7 in Business & Finance ➔ Renting & Real Estate
Probably to replace older outmoded housing and to provide housing for people who are moving up the economic scale. Just a guess but that's a common reason for a robust market despite slow population growth.
2007-08-11 09:17:54 · answer #1 · answered by Bostonian In MO 7 · 2⤊ 0⤋
The population might not be "growing", but the families with 18 people in the house might be getting restless. Population now isn't a sign of housing...it's what it was 18 years ago. Plus, think of all the houses that get torn down every year to make way for business, and roads. They have to replace them somewhere.
2007-08-11 09:28:06 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Money.... it's all about money.
If someone builds a house, he knows that he'll find a buyer for it so he'll make money. It's that simple.
There's a saying in the US, where every new car ever made or brought in from a foreign make has been purchased by someone. "There's an a$$ for every seat." Isn't that a hoot..? Millions of cars are sold here every year.
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2007-08-11 20:49:19 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Nice thought provoking questions and some equally interesting answers.
2007-08-11 10:17:10 · answer #4 · answered by The Smart One 4 · 0⤊ 0⤋
Which country is that?
The problem in the UK is opposite.
oh and social trends mean more houses per head are needed (divorce, single mothers etc..)
2007-08-11 09:16:32 · answer #5 · answered by madgooner 4 · 0⤊ 1⤋