Fluctuation in Average Housing Prices in the United Kingdom from 2009 to 2019

Report

Table of Contents
Table of Contents.............................................................................................................................2
INTRODUCTION...........................................................................................................................1
MAIN BODY..................................................................................................................................1
1. The way in which average housing prices in the United Kingdom are changed over the
period from 2009 to 2019............................................................................................................1
2. Economic determinants of the changes in the average housing prices in the United Kingdom
over the period from 2009 to 2019..............................................................................................5
3. The way in which government action over the period 2009 to 2019 affected the housing
market of United Kingdom..........................................................................................................7
4. Prediction of the impact of COVID-19 on housing market of United Kingdom....................8
CONCLUSION..............................................................................................................................10
REFERNECES..............................................................................................................................11

INTRODUCTION
Internal and external environment can be defined as the combination of various types of
elements that may leave impacts upon economy and different aspects that are related to it. In
order to maintain stability in the growth of economy it is very important for all the countries to
analyse changes in various elements such as housing prices, unemployment etc. It will be
beneficial to determine the potential changes which may take place in future and it could be
advantageous to formulate effective strategies for future (Alexiou, Chan and Vogiazas, 2019). If
a nation is not able to analyse and evaluate such changes the it may affect the growth rate of
economy. Present report is based upon analysis of fluctuation in average housing price of United
Kingdom for which different elements will be discussed in this assignment. This project covers
the way in which changes took place during 2009 to 2019, economic determinants of the
changes, action taken by government which has affected the housing prices during the period etc.
Apart from this, predictions regarding the impact of COVID-19 on the housing market of United
Kingdom are also covered in this project.
MAIN BODY
1. The way in which average housing prices in the United Kingdom are changed over the period
from 2009 to 2019
The housing market can be defined as a market where supply and demand of houses are
focused to carry out business. The key elements of it are mortgage market and house prices as
with the help of them the changes in it are analysed (Al-Masum and Lee, 2019). The Housing
market of United Kingdom have faced huge changes in the average housing price during the
period of 2009 to 2019. In this period a huge boom in the prices have taken place which has
increased the average housing price in the country. Following charts show the starting and end
price of UK housing market:
Housing prices in 2009:
1

Illustration 01: Housing prices of United Kingdom, 2020
(Source: Housing prices of United Kingdom, 2020)
Housing prices in 2019:
2