Buying a new flat is a major investment, and understanding price trends is essential. Whether you’re a first-time buyer or an investor, knowing what affects flat prices helps you make better decisions and get more value for your money.
Demand and Supply Drive Prices
New flat prices are largely influenced by demand and supply in the market. When more people are looking to buy and there are fewer properties available, prices go up. Conversely, if there’s more supply than demand, prices may stabilize or even decrease slightly.
Government Policies and Taxes Impact Cost
Regulations like GST, stamp duty, and registration charges add to the overall cost of a flat. Government subsidies, interest rates, or affordable housing schemes can make new flats more accessible or expensive depending on current policies in place.
AI-Assisted Content Disclaimer
This article was created with AI assistance and reviewed by a human for accuracy and clarity.