Property - for Sale Home


If you wanted to explore house sale Dubai or even house for sale in Dubai for cheap you could do one of two things - search online yourself, or enlist the help of a property agent such as Zawaya Property in Dubai.

Trends

The real estate market is no different from any other sector, it is subject to changes and trends due to technology, the economy, government regulations and social developments.
These have been particularly prevalent over the past decade or so. It should be noted that the information below is of a very general nature and mainly relevant to the US.

Property Prices

Since World War II, property prices had been rising year-on-year at a rate of between 2-5%. This continued throughout the period until the mid-2000s, when property prices began to show a general decline. There are signs that the market has begun to change again, with prices seeming to be on the rise.

Buyer Agents

Until the 1990’s, it was the case that real estate agents would be working for the seller in most cases. This all changed with the entry onto the market of buyer agencies, estate agents who would be representing the buyer rather than the seller. With a perhaps more professional negotiator on their side, it's not surprising that house prices could be negotiated lower when a buyer agent was involved.

Agents Commission

As the real estate agency market has become increasingly competitive, real estate agents have started to introduce fixed rate fees to replace the traditional commissions.

Technology

The changes in technology have impacted the real estate agent arena as well. The internet has become the single most popular means to study property, with 90% of buyers using it.
That said, 85% of buyers still enlist the help of an estate agent when considering buying a property. Another development has been the increasing use of cell phone apps to market properties.

Competition

The US Government has also played its part in impacting the market. It has continued to educate consumers and other stakeholders on the importance of free competition in the real estate market. Studies have shown that in states where open competition is the norm fees can be thousands of dollars less than in states where it was not.

The real estate market has seen some relatively significant changes in the past decade or so, and as technological, economic and social changes continue, it is likely it will see more in the next decade.

If you want to know more about real estate in Dubai, contact Zawaya Property.



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