Factors that affect house prices

If you look at a real estate market in a country with a strong economy, you'll see that property values are high across the board. This is because people in a healthy economy make more money and are more financially stable. They have the financial means to purchase real estate. This has a direct impact on property demand, causing property prices to rise. In a down economy, the market develops a surplus, which lowers property prices- Mazen Alzoubi.