2017 being an election year, the economy takes a dip as political campaigns takes center stage and businesses hold back investments to await the outcome of the elections.
However, we expect the market to remain largely stable and solid, though there is likely to be a slowdown in transaction volumes in the second and third quarter going into the election date.
Secondly, we don’t expect a possible price drop, but we see a flattening price increase which lends the property market more stable price growth.
Thirdly, we expect some investors to adopt a wait – and – see stance to the run up into the elections.
The upcoming elections has no far effects in long-term investments in the real estate sector since the property market do not fluctuate around elections given that the projects have a long term horizon and long term return projections.