Economy and Resdential Property Market
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- Date Submitted: 05/10/2016 09:24 PM
- Pages: 8
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Introduction
The purpose of this report is to point out and discuss the links between the economy and the residential property market. This report will discuss the impact of the performance of the economy on the residential property market. The report will debate about the following issues and factors affecting the Residential property market. This report will explain the link between the housing market and the unemployment rate. It will also explain the strong connection between the performance of the economy and the residential property market. This report will also predict the potential future issues and implication regarding the economy and the residential property market.
‘Housing market refers to the supply and demand for houses, usually in a particular country or a region. A key element of the housing market is the average house prices and the trend in house prices.’ (Housing Market, online, 30/03/14)
Some of the features of the housing market are: - durability, high transaction costs, immobility, long time delays, it offer both an investment goods and consumption goods.
The housing market has a strong link with the economy. The housing market is directly impacted by the performance of the economy. There are many factors related to the economy that has a direct impact on the performance of the housing market. Some of the factors that affect the housing market are interest rate, economic growth, unemployment and the state of mortgage industry.
How does the housing market affect the unemployment rate?
The performance of the economy has a direct impact on the on the housing market in the UK. If the UK economy is experiencing a slump it will have a direct impact on the unemployment level, which will then have a direct impact on the housing market. If the economy is performing badly it will mean that many people will be looking to tighten their budget and will be less likely to invest huge sums of money in a property because of the instability of the...
The purpose of this report is to point out and discuss the links between the economy and the residential property market. This report will discuss the impact of the performance of the economy on the residential property market. The report will debate about the following issues and factors affecting the Residential property market. This report will explain the link between the housing market and the unemployment rate. It will also explain the strong connection between the performance of the economy and the residential property market. This report will also predict the potential future issues and implication regarding the economy and the residential property market.
‘Housing market refers to the supply and demand for houses, usually in a particular country or a region. A key element of the housing market is the average house prices and the trend in house prices.’ (Housing Market, online, 30/03/14)
Some of the features of the housing market are: - durability, high transaction costs, immobility, long time delays, it offer both an investment goods and consumption goods.
The housing market has a strong link with the economy. The housing market is directly impacted by the performance of the economy. There are many factors related to the economy that has a direct impact on the performance of the housing market. Some of the factors that affect the housing market are interest rate, economic growth, unemployment and the state of mortgage industry.
How does the housing market affect the unemployment rate?
The performance of the economy has a direct impact on the on the housing market in the UK. If the UK economy is experiencing a slump it will have a direct impact on the unemployment level, which will then have a direct impact on the housing market. If the economy is performing badly it will mean that many people will be looking to tighten their budget and will be less likely to invest huge sums of money in a property because of the instability of the...