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Although we aren't real estate professional like property researcher, analyst, agent nor consultant, we still can judge the market scenario. we just make friend with few good and aggresive real estate agents and bankers. They will tell us how the market is moving. How? Just base on 4 scenario:

1) if agents telling they are making money and bankers also telling they are very busy everyday, meaning the market will be in uptrend.
2) if agents telling they aren't making money and so do bankers, meaning the market is in downtrend.

3) if agents telling they aren't making money but bankers are busy, meaning that the market is of buyers looking for new development projects or/and the exisitng owners are refinancing.

4) if agents telling they are making money but bankers aren't, meaning the market is of cash-buyers.


Any expert, pls share with us.

thanks

Property Insider

Interesting perspective. I believe that speaking to a few good agents and bankers does give a very good insight as to what is happening in the market.

However, I don't think it's common to spot scenarios (3) and (4) below. The proportion of cash buyers doesn't change significantly and the data points of a few agents and bankers would not be enough to notice any relative movements. ie it would be very difficult to work out that the portion of cash buyers is rising or falling on the basis of a few calls to agents and bankers.

Asim

i do not think the 4 categories help. while possible to know if market is doing well or not by asking around, it's hard to know which scenario it would fit in.

Subscribing to the property outlook from thinkproperty.my does gives me an idea on the market sentiment of how the property market is doing. I think all subscribers automatically gets the report of this on going survey. I could be wrong about all subscribers getting it, but I'm getting it from time to time.

It is quite hard to determine the general property market, especially with a huge market that we have these days.

No one person really knows the true market value of any particular property or the property market... Auctions allow buyers to establish what they believe is the value of a property and in doing so set the market value. Property market also depends on the current economy and the demand of the property in terms of location and future prospects of rise in price of that property....