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Essay / Research Paper Abstract
This 8 page paper examines the property market in the UK between 1995 and 2006, with specific attention paid to 2000 – 2006. The paper looks at the patterns in property prices and sales and considers the potential future of the market. The bibliography cites 8 sources.
Page Count:
8 pages (~225 words per page)
File: TS14_TEUKpropmkt.rtf
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Unformatted sample text from the term paper:
The level of increase in price has pushed u[ the income multiple levels of first time buyers and resulted in many predictions over the last few years that the market
is likely to fall. Despite these dire predictions the fall has not occurred. To consider the potential future of the property market in the UK we need to look at
the past and the way in which it may develop considering the current economic factors. Over the last decade there has been
a general growth trend, in Scotland house process have increased by 138% between January 1996 and January 2006 according to the Bank of Scotland in a market that has increased
by more than ?100 billion in that time (The Times, 2006). Meanwhile in England house process may have been more retrained but the size of the market has increased significantly,
the market that was worth ?80 billion in 1995 was worth ?190 billion in 2005, this is made up with increase transaction levels as well as increased process. Overall,
the entire UK property market has increased to ?3.4 trillion in 2005 up from ?1.1 trillion in 1995 (The Times, 2006). In
2002 The Economist predicts that the property market would fall, the same prediction has been made by the Economist every years since 2002, but the fall has not occurred (Anonymous,
2006) If we look at the behaviour in the UK property market this will explain why the prediction has not come true in
historical terms. The key to the housing market lies in traditional aspects of the supply and demand relationship. Where the demand is higher than the supply house process will increase,
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