Main Article Content
Abstract
The market forces of demand and supply, especially of land and housing, are basic factors influencing variation in-house prices in urban areas. The most outstanding of all these problems is that of providing adequate facilities for the population. The cultural, social and economic value of a society, as it is the best and historical evidence in a country; it stimulates the growth of the national economy. The growth of the economy generates physical growth of which residential area is serious. This most often results in increase in values of land due to increase in demand, in a situation where there is a scarcity of available land in the market. The aforementioned statements call for adequate research into house price in order to guide policy directions of government institutions and individuals. Therefore, this paper aims to analyse factors determine the house prices in urban area of any country in general and Vellore District in particular.