LECTURE ON ECONOMIC PRINCIPLES OF REAL ESTATE


Many individual investors were lured into buying real estate investments during the booming days of real estate, even without a complete understanding of the ABC’s of real estate investing. But now, with the looming economic slowdown and difficulties, there is a need to go back to basics and learn more, specially the very important economic principles of real estate, which were often neglected by real estate investors.
In this regard, Urban Institute of Real Estate will conduct a lecture on “THE IMPORTANT ECONOMIC PRINCIPLES OF REAL ESTATE” on Wednesday, March 11, 1:30 to 6:00 PM at the Maximo Function Room, Max’s Restaurant, 2nd Level, Gateway Mall, Araneta Center, Cubao, Quezon City.
This lecture will include a review of the basic principles of capitalism such as the factors of production, what determines prices and output, the law of demand and the law of supply; the economic features of real estate; the how’s and why’s of government interventions in the economy, a discussion of the perfect market compared to the real estate market, the business cycles compared to the real estate cycles; the relationship of money, credit and real estate, effect of inflation and other economic conditions to real estate such as the unexplained economic situation of rising prices during periods of recession; applied real estate economics which includes effect of changes to real estate, forecasting, doing a sensitivity analysis and decision making in real estate; and lastly how to anticipate changes in real estate such as land use controls, shortage of land supply, improving consumer awareness and activism, the need for specialized knowledge, changes in population, living standards, system of transportation, technology and energy supply.