e (see abovediagram).
             SUBSTITUTE (prices of other goods - Z3)
             A possible substitute commodity to consider is renting instead of buying a property. In the current context of low interest rates and therefore greater affordability of houses, individuals may be more inclined to borrow funds and purchase a house to live in rather than rent. Hence, renting as a substitute to buying a house may decrease, therefore resulting in an overall increase in the demand for housing. This also translates to a rightward shift in the demand curve.
             Aside from the abovementioned determ
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