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A Study of the Problems Prevalered in UK Housing Sector

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Added on  2020-01-07

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Economics and Government INTRODUCTION 2 Main Body2 Assessing the problems prevailed in UK housing sector along with the preventive measures 6 REFERENCES 8 CONCLUSION 6 REFERENCES 8 CONCLUSION In the present time, there is a slow growth has been identified in the prices of the property of London. Main Body 1 Assessing the problems prevailed in UK housing sector along with the preventive measures There are several types of market failure which is prevailed in the housing market of London. Types of market failure • Environmental cost

A Study of the Problems Prevalered in UK Housing Sector

   Added on 2020-01-07

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Economics and Government
A Study of the Problems Prevalered in UK Housing Sector_1
Table of ContentsINTRODUCTION................................................................................................................................2Main Body............................................................................................................................................2Assessing the problems prevailed in UK housing sector along with the preventive measures...2CONCLUSION....................................................................................................................................6REFERENCES.....................................................................................................................................82
A Study of the Problems Prevalered in UK Housing Sector_2
INTRODUCTION In the present time, there is a slow growth has been identified in the prices of theproperty of London. Now, prices of the luxury property also decreased by 30% which is not agood indicator. Moreover, high increase or decrease which takes places in the price level mayresult into highly speculative activities. In this regard, efficient market is highly required for theattainment of goals and objectives. Thus, this project report will describe the main types offailure that takes place in UK housing market. Further, it will also shed light on the ways throughwhich such problems can be mitigated to the large extent. MAIN BODY Assessing the problems prevailed in UK housing sector along with the preventive measures There are several types of market failure which is prevailed in the housing market ofLondon. Hence, for the economic growth and development it is highly required to takesignificant action or measure which may result into efficient market. Types of market failureincludes price instability, geographical immobility, monopoly power, incomplete market,negative externalities etc. are the main factors which have high level of impact on the growthaspect. Hence, from several cases economists have identified that all the above mentioned aspector factors causes of market failure (Nuuter, Lill and Tupenaite, 2015). Along with this, otherfactors which affect the housing market that is such as economic growth. In a economic growthpeople only demand for new house if their income is high. On the other hand if their income isnot enough then they cannot afford a new house. Unemployment also affect the housing demand because if employee have no job then itcannot afford a new house while it can move to other place for the job purpose and buy housetheir in other place. Moreover, price of house is rising and there are many people who have nojob or not enough income to afford a new house (Zhang and et.al., 2016). It shows inequalitybetween because of high rate. There are many reason that show that increase in house priceinaccessibility of housing is factor of housing income in equality. Population is increasing andthere is no land for the building a house so it affects the environmental cost. Government isproviding a land which is not good area. Further in a area where house is provided there is notransport facility is available.3
A Study of the Problems Prevalered in UK Housing Sector_3

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