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Rise in house prices in the UK: A case study approach
Finance & Accounting
Pages 20 (5020 words)
Rise in house prices in the UK: A case study approach Content: Ch. # Topic Pg. # 1. Introduction 2 1.1. Thesis statement 3 1.2. Research Questions 3 1.3. Research Objectives 4 2. Literature Review 4 2.1. UK Market: Comprehensive Overview 4 2.2. Contemporary UK Housing Market 10 2.3…
Gulfs in property wealth have grown up between the old and the young; the rich and the average; the mortgage-free (a third of households) and the indebted; and between London and most of the regions. And some very serious underlying risks are lurking below the seemingly calm surface.” Ruth Sunderland, 2013 The persistent rise in housing prices in the UK has become one of the most critical issues faced by the country, particularly affecting those belonging to the low-income households. Research indicates that the house prices in the country have more than doubled over the past decade and have gone from 'already high' to even higher. Such situation is unique to, not only UK, but perhaps to the entire developed world since housing price explosions and fluctuations to such extent have rarely been experienced elsewhere. The British house price bubble has exceeded the highly notorious Spanish price bubble, thus indicating the gravity of the issue. In response to the constantly rising house prices, the other related prices such as rent and mortgage prices have also risen simultaneously over the years (Catty, 2010). The constantly increasing house prices in the UK have led to widespread concerns regarding its likely impact on the economy in the long run. It is estimated that in response to such phenomenon, the housing and mortgage market is likely to suffer serious negative consequences. ...
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