Five years ago the number of villas sold relative to apartments was around 30 percent. However recent data shows this ratio has dropped to between 15 and 20 percent. This indicates that the relative supply of villas is decreasing as developers focus…
Five years ago the number of villas sold relative to apartments was around 30 percent. However recent data shows this ratio has dropped to between 15 and 20 percent. This indicates that the relative supply of villas is decreasing as developers focus more on vertical high rise construction. For investors this scarcity of supply relative to the total market supports sustained price growth for single family homes and townhouses.
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