In regards to the real estate industry: Complete the following table (note that
ID: 430431 • Letter: I
Question
In regards to the real estate industry: Complete the following table (note that some PESTEL factors may not be relevant, so not all boxes may need to be filled out.
Factor
Key considerations in the macroenvironment for my industry
Political factors
X
Economic factors
X
Social factors
X
Technological factors
X
Environmental factors
X
Legal factors
X
Factor
Key considerations in the macroenvironment for my industry
Political factors
X
Economic factors
X
Social factors
X
Technological factors
X
Environmental factors
X
Legal factors
X
Explanation / Answer
Factor
Key considerations in the macroenvironment for my industry
Political factors
Political real estate industry is highly affected. Change in political aspects of different parties as their governments change the rules accordingly which affects the real estate industry at a very large margin. Real estate industry is highly vulnerable to the political factors involved in the society.
Economic factors
Economic factors are also responsible for reducing the overall impact of the real estate industry. AS level of finance and available resources in the society directly relates to the overall growth of the industry. If the overall economy falls down then it affects the real estate industry as it would change the level of investment resulting loss to the real estate industry.
Social factors
Social factors are also won the most prominent powers which affect the real estate industry. Multiple special criteria and changing Trends decide the prices of the real estate, availability of social rules and effects as well as other standards also affect the real estate industry by a huge margin.
Technological factors
X
Environmental factors
Environmental factors are responsible for impacting the real estate industry by a huge margin as the overall availability of different factors such as protection of the environment and other specific factors can widely affect the overall effectiveness and profitability of real estate industry.
Legal factors
Legal factors are the most important and prominent factor which influence the real estate industry. As all of the processes inside real estate industry goes through a legal structure, changes in legal Trends as well as laws reduces the overall impact of real estate industry in the specific society as well as it affect the overall margin of profits from different markets according to the specific rules which are being developed in the legal sector.
Factor
Key considerations in the macroenvironment for my industry
Political factors
Political real estate industry is highly affected. Change in political aspects of different parties as their governments change the rules accordingly which affects the real estate industry at a very large margin. Real estate industry is highly vulnerable to the political factors involved in the society.
Economic factors
Economic factors are also responsible for reducing the overall impact of the real estate industry. AS level of finance and available resources in the society directly relates to the overall growth of the industry. If the overall economy falls down then it affects the real estate industry as it would change the level of investment resulting loss to the real estate industry.
Social factors
Social factors are also won the most prominent powers which affect the real estate industry. Multiple special criteria and changing Trends decide the prices of the real estate, availability of social rules and effects as well as other standards also affect the real estate industry by a huge margin.
Technological factors
X
Environmental factors
Environmental factors are responsible for impacting the real estate industry by a huge margin as the overall availability of different factors such as protection of the environment and other specific factors can widely affect the overall effectiveness and profitability of real estate industry.
Legal factors
Legal factors are the most important and prominent factor which influence the real estate industry. As all of the processes inside real estate industry goes through a legal structure, changes in legal Trends as well as laws reduces the overall impact of real estate industry in the specific society as well as it affect the overall margin of profits from different markets according to the specific rules which are being developed in the legal sector.
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