Contemporary Business Environment

Contemporary Business
Environment

Contents
INTRODUCTION.......................................................................................................................................3
MAIN BODY..............................................................................................................................................3
1. How have average house prices in the UK changed over the period from 2009 to 2019.....................3
2. What are the economic determinates of the changes............................................................................7
3. How has government action over the period 2009-2019 affected the UK housing market?.................9
4. Predict what would be the impact of COVID – 19 on UK housing market........................................10
CONCLUSION.........................................................................................................................................11
REFERENCES..........................................................................................................................................13

INTRODUCTION
In present era, Business environment emergence of variables like individual employees,
competition, government legislation and so forth, the market climate continues to evolve with the
flow of time. Contemporary business environment pertains to present-day circumstances as well
as concepts inside of global business environment. It describes the specific prototype system that
evaluates commercial enterprise as an accessible advisement to the organizational process. It
defines company with a changing dynamics to be macro alongside micro and macro environment
(Bergman and Foxon, 2018). The UK social housing contains private-owned and inhabited
apartment complexes, private-rented and decided to rent lodging by local authorities, and real
estate attempted by property developers. For privately investment home, property is leased by
the owner in a brief tenancy arrangement, generally for six weeks, although it can be extended.
Renters usually charge a set rent but there may be other compensation intervals. This report
contains of UK housing market situation from 2009 to 2019 and identify economic determinates
that changes the economic market. Along with, government action taken for UK housing market
that impact on the market and predict the impact of Covid-19 on UK housing market.
MAIN BODY
1. How have average house prices in the UK changed over the period from 2009 to 2019
UK annual rise in house prices declined to just 1.2 per cent in May. This indicates the
initial rate of growth since January 2013. It is motivated, in part, by the market in London that
average house price growth rates have been adverse for 15 straight years now. In May, London's
yearly household debt rate fell to -4.4 per cent, the smallest although the economic meltdown
unfolded in August 2009. Even so, close examination of the data reveals that while many other
areas of the world continue to develop considerable quantities house price growth levels there is
strong evidence of increased actual housing market depreciation once overall inflation is
compensated for.