Despite the challenges posed by the global pandemic, the sudden shift to remote work-from-home setups propelled an increase in demand for the housing market. Consumers have more cash reserves and disposable income at the moment and with the current record-low interest rates, real estate buyers are on the lookout to purchase improved and larger living spaces. You can guess what this translates to: a sudden skyrocketing of demand for specific types of housing causes supply to drop tremendously. In turn, property prices rise rapidly, and they keep on increasing until now.
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