An analysis of the key macro and micro economics factors which touch on on the current UK trapping foodstuff
This paper explores the current accompaniment in the UK housing market. Fundamentally, the paper argues that the current situation in the housing market is a legacy of the way in which the housing market developed over the early 2000s into the 2007 and 2008 financial crisis. As the fall place from this crisis has taken two or three years to properly be felt it puke currently be said to be exerting a study(ip) influence on the way the housing market in the UK is working today. The paper therefore places a major snap on developing an understanding of how the financial crisis occurred and the impact that this had on the UK housing market, in order to understand the key factors which ar shaping the housing market today. The paper begins with a carry at the order of the UK economy at the moment. This is only examined in brief but provides a key background to the work. This is therefore followed by a look at the UK economy and the housing market and how the two link together. The following parting is the major section of the work as this focuses on the macroeconomic factors which stick out shaped the housing market. This section in particular focuses on the legacy of the housing market developments of the early 2000s.
The following section briefly explores the microeconomic elements which have shaped the housing market the major emphasis here is on the role of purchase to let mortgages as a means of investing. This is then followed by the final critical reflection before the work concludes.
The state of the UK economy
Like most markets, the housing market is heavily influenced by the state of the wider economy (NEF 2010 p.65). However, interestingly, several economist have far-famed that in major economies including the UK, the housing market has moved out of step with the business cycle (Jones and Watkins 2009 p.1). A similar shew is made by Andrew (2004). In...If you want to get a adept essay, order it on our website: Orderessay
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