Except low demand doesn’t usually make house prices go down either, it just means they won’t get sold or they only get bought by investors - that then also would rather keep them empty than to reduce the price and take a loss, as an empty 1 million house is still worth that 1 million on paper.
High demand meabs prices go up. Literally economics 101.
Except low demand doesn’t usually make house prices go down either, it just means they won’t get sold or they only get bought by investors - that then also would rather keep them empty than to reduce the price and take a loss, as an empty 1 million house is still worth that 1 million on paper.