Scarcity of properties in the market is the main reason for high prices of houses in the country - Hassan

Scarcity of properties in the market has been identified as the main reason for high prices of houses in the country.

This was highlighted by the Real Estate Agents Licensing Board Chairman, Abdul Hassan who was one of the speakers at the Board Talanoa Session.

Hassan says the demand for properties in the market is far more than the supply and this is why there is a boom.

He says they cannot control the prices.

Meanwhile, the President of the Real Estate Agents Association of Fiji, Anand Goundar says agents need to sell houses at proper prices.

Goundar also says there is no regulation in place to limit the selling prices of houses.