New residential projects may offer discounted prices

As construction costs become lower, newly launched residential units may offer discounted prices, while the lack of sales may force some developers to further decrease their asking prices, the latest Jones Lang LaSalle-Reas report.On the other hand, while the lack of sales may force some developers to further decrease their asking prices, another price correction may appear when developers will decide to introduce new, less expensive projects to the market. “As construction costs become ...

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