Formation of housing demand

Some economists directly connect the deployment of the global financial crisis, the beginning of which was in 2008, with the collapse of the real estate market in economically developed countries. The cyclical development of the construction complex is determined by a peculiar dual animated effect. On the one hand, the formation of demand for industry products is determined by the basic needs of end consumers (directly — during the construction of housing, or indirectly — through the occurrence of requirements in updating the main capital of other types of economic activity).