"REAL ESTATE IN SPAIN 101.3 Research RationalThe real estate business is a profitable business however it has been that with thechanging global economy the future of the market is quite unstable. Other issues arecontinuously affecting real estate trade are political environment of Spain, Urbanization,demographic shift and rising experimental retail(Alvaredo and Saez, 2009). It is an important issue as real estate business helps to develop economic status of thecountry. The future of this business is very sharp and the people are more interested to investmoney in the real estate business with the desire of earning more. Changing global economydoes uncertain country?s economical status. Currency issues soft emergency prices and foreignexchange create an adverse effect on the real estate business. The researcher will shade light on the solutions that can reduce the issues that are harmfulfor real estate business and economy of the country. The researcher will also shade light on theimpact of real estate on Spanish GDP rate. 1.4 Research AimMain aim of the research is to reveal impact of real estate in Spanish economy and itsfuture possibilities.1.5 Research Objectives? To critically evaluate the concept elated to real estate and its impact on the trade business? To analyze the effectiveness of real estate trade business upon the economy of Spain REAL ESTATE IN SPAIN 11? To understand the challenges faced by the real estate trade business in the market ofSpain? To recommend possible solutions to the real estate trade business to overcome challengesfaced by them in order to enhances future possibility of this business1.6 Research HypothesisH The future of real estate is affected by the economic stability of Spain?s market0 H The future of real estate is not affected by the economy of Spanish market1 1.7 Research QuestionsQ1) what are the possible future possibility of real estate trade business?Q2) What is the impact of real estate in the trade business market of Spain?Q3) What are the challenges faced by the real estate trade business to enhance possibility in theSpanish market?Q4) What could be the possible solutions that could be invented in order to ensures possibility?1.8 Time Tablest nd rd th th Task and Time 1 We e k 2 Wee k 3 w e e k 4 Wee k 5 Wee kIntroduction of the Topic Literature Review Research Methodology Data CollectionREAL ESTATE IN SPAIN 12Conclusion and Recommendation Table 1: Time Table(Created by: Learner)REAL ESTATE IN SPAIN 13Chapter 2: Literature Review2.0. Conceptual FrameworkFigure 1: Conceptual Framework(Source: Author)2.1 Previous research journals Various previous research journals have evaluated the impact of real estate business uponthe country?s economy. In the journal “Journal of the European Economic Association “which iswritten by Alvaredo and Saez (2009), has evaluate the role of real estate business in Spain. Inthis journal the researcher has analyzed that income share of Spain has been increased by 2.5%for the real estate. Real estate price has benefited the middle class people as they madethemselves more involve dealing withier property for trade building purpose. Spain needs more REAL ESTATE IN SPAIN 14space for trade building as government has taken initiative to expand business rapidly. Increasingneed of property has enhanced the notion of real estate rate. Another journal “The Journal ofReal Estate Finance and Economics”, which is written by Fernández-Kranz and Hon (2006), hasdiscussed on the increasing need of house and building in Spain. In this researcher has analyzedthat “The rate of growth of house price in Spain has bubbled in the year of 2013 when thecountry has increased their attention to expand tourism”. The research journal has also describedinvestment level upon real estate for profitability. The real estate owners are using this trick asthis business has sharp and flourished future that can effectively enhance economy of the country(Crowe et al. 2013). In other words, it can be said as the large-scale business where there aremillions of transactions taking place for the purchase of and sale of property. The real estatebusiness also feeds the country with several taxes and cost of duties paid to the government.From the research journals, it has been clearly stated that real estate is the subject of profitabilityas this business has long-term refund.2.2 Impact of Real Estate in GPD Real estate plays a vital role on economy as it considered as the subject of income. Realestate is the greatest source of wealth and savings. Commercial real estate has a great impact onGDP, as most of the commercial trade needs a particular space top conduct business.Commercial real estate includes retail sectors, buildings for office purpose, manufacturingbuildings and commercial market place. According to the Market statistics of 2015, real estatecontributes $995 billion output to US GDP (Hamel and Prahalad, 2013). The country has reachedin the peak of economy and has achieved $1.110 trillion in 2011 (Ibbotson and Siegel, 2016).Construction of real-estate is based on labor and this initiative reduces little share ofunemployment problem where the labor are involved in work. On the other hand, real estate "