Is it a Buyer’s or Seller’s Market in Georgia’s Property Market
If you want to optimize the returns on investment from your property market, it is prudent to understand the different cycles. Particularly, you need to differentiate and take advantage of the seller’s and buyer’s markets. For investors interested in the Georgian real estate, the biggest question is, “Is a buyer’s or seller’s market?”
What is a Buyer’s or Seller’s Market?
A seller's market is a property market where the number of buyers is higher than the available homes for sale. It means that the supply is lower than the demand because the number of sellers are fewer, culminating to steady rise in the price of property.
The reverse is true when it comes to the buyer’s market. In this situation, the number of sellers is higher than buyers, resulting in lower prices because of...