In the same building, the west is hot and the east is unattended, and the reasons for this are analyzed
In the same building, the west is hot and the east is unattended, and the reasons for this are analyzed
There is such a sensational rumor circulating in the market: in the same building, the houses on the west side are being sold one after another, while the houses on the east side are not having a single buyer. This peculiar phenomenon has raised questions among the public, who have speculated about the reasons behind it. As an expert in the industry, the author has conducted in-depth thinking and research on this, and summarized the following four possible reasons.
We need to understand the factors that influence regional differences. Although the West and East Sides are geographically located in the same building, nature has not designed the environmental aspects of each floor to be absolutely symmetrical. Perhaps the floor of the west house is closer to the bustling business district, with convenient transportation and complete supporting facilities, while the east house may be close to the industrial area, with inconvenient transportation and lack of supporting facilities. This regional disparity means that households in the west have more demand than they supply, while households in the east do the opposite. Secondly, we need to understand the factors that affect the renovation of the home. In the same building, the western unit can be well-designed, fully furnished, with high-quality finishing materials and unique design style, attracting a large number of buyers who pursue a high quality of life. Conversely, the units on the east side may not be renovated or poorly renovated for various reasons to attract the attention of home buyers. As such, in the eyes of home buyers, the units on the west side represent a high quality of life and a good return on investment, while the units on the east side can be considered as low-end properties.
In the real estate market, it is generally accepted that houses with higher floors are more popular because the higher the floor, the better the view and the less noise disturbances. Units on the west side have higher floors and can enjoy these advantages, attracting the attention of many home buyers. Conversely, the house on the east side may be on a lower floor and does not have the advantages that the house on the west side comparables with, so there are fewer buyers. The last factor is the ** of the house. In a busy real estate market, ** is one of the most important factors in attracting home buyers. Sales data shows that homes in the West End are relatively expensive due to their location and finishes. Homebuyers are willing to pay higher for a high quality of life**. Comparatively speaking, the East Side has a low number of homes** and may face a dilemma of undervalue. There has been a decline in the interest of home buyers in the eastern residences, resulting in the neglect of the eastern residences.
The reason why Western-style units in the same building sell well while Eastern-style units are not popular is due to the difference in size, home decoration, floor selection and housing prices. These factors are interconnected and influence each other, ultimately leading to the difference between Eastern and Western home sales in the real estate market. Buyers should consider a variety of factors when choosing a property to avoid a situation where the West Side houses are sold out and the East Side homes are not interested. We hope that the real estate market in the future will develop in a more balanced way to meet the needs of home buyers.