The demand for real estate derives from the need that market participants (e.g., owner occupants, tenants, renters) have for shelter and convenient access to other locations. This competition for physical location and space occurs in the:

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The user market is where the demand for real estate comes from individuals or entities looking for a place to live or conduct business. This is where the competition for physical location and space occurs, as users seek out properties that meet their specific needs and preferences. The capital market deals with financing and investment in real estate, while the government sector encompasses regulations and policies related to the industry. The property market is a broader term that includes all aspects of the real estate industry, including supply and demand, property values, and transactions.

The Demand for Real Estate Derives from the Need That