What are the effects of economy on real estate industry?

[Good-Person]

Economy is one of the main aspects when it comes to real estate industry. Real estate is considered a great way to tackle different kinds of problems such as inflation. However, when it comes to macroeconomics, what are the major effects of economy on real estate industry?

 

[Kane]

When there is a recession and inflation, the real estate market also gets hit. The economy in a country is directly proportional to the real estate market. When economy is booming, real estate prices also go high.