No buyer wants to pay at bank valuation pricing?

A friend said recently that the property market is bad. Her reason is because no buyer wanted to buy her property at the bank valuation price. There are a few important things to note here. How do we know if property market is bad? First thing is to look at the number of transactions. If the property transaction numbers are dropping every quarter and all new property launches are empty of visitors, probably that’s a sign that the property market is not well. What’s the number of property transactions? Take a look at below: