- GDP Growth:
Positive Impact: A growing GDP often signifies a healthy economy. In such conditions, businesses are expanding, employment rates are higher, and people generally have more disposable income. This can lead to increased demand for both residential and commercial properties.
Negative Impact: Conversely, a slow GDP growth or economic downturn can result in reduced consumer confidence and spending. This can lead to a decrease in demand for real estate, affecting property values and potentially causing a slowdown in new developments.
