What must occur for demand for property to be realized?

The realization of demand for property fundamentally hinges on the availability of purchasing power. This refers to the financial capacity of potential buyers to acquire property, influenced by factors like income levels, credit availability, and overall economic conditions. Even if there is a strong desire or demand for property, it cannot materialize into actual sales unless buyers have the financial resources to follow through with a purchase.

While increased advertising can raise awareness about a property and government incentives may stimulate interest in the housing market, these do not directly equate to buyers having the financial ability to purchase. Similarly, changes in zoning regulations may create potential for development but do not directly impact individual buying power. Thus, the key factor that must be in place for demand to be effectively realized is the availability of purchasing power, making it the most critical element in the equation of property demand.