The UK Housing Market Research Project The housing market in the UK is considered to be one of the main and one of the most important markets. Buying a house for a majority of people is one of the biggest purchases ever made. Let alone it being the biggest it is also one of the most crucial as it can be where they will now spend the rest of their life. Never the less the housing market is seen as a great form of investment for some. This being because house prices have been on the rise since over 30 years ago.
Furthermore od •Buy to Sell •Buy to rent •Buy to invest What factors influence demand for housing? Demand is the want or desire to own a good or service of some sort. Many factors can influence demand for housing especially for those whom are considering moving to a permanent location. As a result such a huge step would mean that there are many aspects to take into consideration. -Location There are many sub headings that can come under location such as; are there schools in the area? Shops locally?
Easy access to London transport? Hospital near by? Such factors all influence the demand for housing. For example if there isn’t any schools near by and some one with children is viewing the property this would not intrigue the buyer, as it would not be as efficient if there were schools in the area, perhaps at a walking distance. -Income Financing a house involves a long term commitment between a buyer and a mortgage lender As a result this plays a huge role in demand for housing.. -Consumer Confidence
The Essay on Market Buying Behaviour
The main questions concerning market identification are provided in the opening quote of Rudyard Kipling- who, buys what, where, how and why Regarding the main questions, David Tonks mentioned that market can be identified by using a mix of variables which can be grouped into two categories: 'general' and 'behaviour' (1995: 3). Table 1 shows the different types of 'general' and 'behavior' ...
Consumer confidence is a major role in the housing sector. If there is potential that the economy is doing well and house prices are steadily increasing, (economic growth) buyers would want to rush into the market. Increasing demand. What factors influence supply of housing? Supply of something is a quantity of a good or service given at a particular price at any given time. Supply of housing is limited in the UK. On of the key economic problems which are unlimited wants and scarce resources also plays a role.
The number of houses entering the market is not necessarily fixed. Over a long period of time new houses do begin to enter the housing sector. There are many factors of which affect the supply of houses. -Price of the area in which the houses are in, or will be built on. If the price of the land is too high and it is not in a great area, it is unlikely that someone will want to build a house there as it would be very hard to sell of in order to cover costs and create a profit. Government polices and intervention -The amount of owners currently seeking to sell there property These are the three main factors. Housing stocks remain barely unchanged in the short run as there is only a certain amount of changes that can happen to a property in the short run. Never the less during the long run there is a slight increase. How ever the amount of land needed for the purpose of building houses is limited in the UK. Currently there is excess demand over supply on housing..
Furthermore those who have purchased a house which they then wish to sell in order to gain profit shows how and why there is sometimes “empty homes” in the UK as they have perhaps purchased a property a few years ago and left it alone and time the value of the house increased. Which they then sell of to gain a high profit. The housing market is huge. It can be broken up into many different segments in order to make things more clearer when wanting to go into a particular area of housing. Trends in the housing market in the last 5 year In the past years house prices have been seen to have reached a huge slow down.
The Essay on Natural Gas Price Supply Run
Analysis Paper 1 The EIA predicted Midwestern Illinois families to be spending as much as 40% more on heating this year compared to last year because of higher natural gas prices. The increase in price is largely due to the reduction of natural gas supplied. In the short run, supply and demand for natural gas is relatively inelastic. The supply is inelastic because the quantity of known natural ...
