Analysing performance of real estate industry in the year 2023?

[Good-Guy]

The year 2023 was full of challenges for the real estate industry. The fact of the matter remains that there were many people who invested money in this industry and they lost money. However, on the other hand, there were many people who also made good money in this industry. There were many issues faced by many people in the year 2023.

High taxes

This was a really huge issue for people who invested money in the year 2023. The government implemented very high taxes and this led many people to withdraw their investments from the real estate sector. High taxes means that the cost of investment increased. This not only caused issues for investors who were already in the market, but it also drove away many new investors from the market.

Inflation

Inflation was the highest in the year 2023. This became a big problem for many people living in many different countries. Inflation also had a major impact on the real estate market as well. The prices of properties increased a lot and this caused many buyers to become reluctant to purchase properties. As a result of that, many sellers also suffered.

So, what were some of the other challenges faced by the real estate investors?