The Changing Dynamics of the UK Housing Market: A 2009-2019 Review

This report provides a comprehensive analysis of the UK housing market between 2009 and 2019. It begins by outlining changes in average house prices over the decade, highlighting significant fluctuations and regional differences. The report then delves into the economic determinants driving these changes, including economic growth, unemployment rates, interest rates, mortgage availability, cash flow, and financial slowdowns. Furthermore, it examines the impact of government actions, such as low interest rates, subsidies, and land valuation policies, on the housing market. The report also includes a prediction of the impact of COVID-19 on the UK housing market. Overall, the report offers a detailed overview of the factors influencing the UK housing market during this period, providing valuable insights into its dynamics and future trajectory.

Contemporary
Business Environment

Table of Contents
INTRODUCTION...........................................................................................................................4
MAIN BODY..................................................................................................................................4
How have average house prices in the UK changed over the period from 2009 - 2019?...........4
What are the economic determinants of the changes outlined in your answer to Question 1?. . .8
How has government action over the period 2009-2019 affected the UK Housing market?....10
Predict what would be the impact of COVID-19 on UK Housing Market?..............................11
CONCLUSION..............................................................................................................................12
REFRENCES.................................................................................................................................13

INTRODUCTION
Business environment means a place that is being surrounded through business of a
organization in which an working environment has to include over various factor that is being
related to both internal and external outcomes also functioning has to be organized with nation
and has been facilitating over goods and services for fulfilling customers need. Various kinds of
business is there in which an environment has to be related with supply of goods and services in
order to satisfy needs of human which is having different purpose over profit orientation and also
non-profit organization that is there to provide services to individual living in the society. Lot of
internal as well as external factors within a business has to be identified through proper
framework. The report is going to be based upon various business environment of UK and main
focus is over paid housing market. Further in this report a discussion has to be taken on an
average of house prices in UK with changes that has taken place from 2009 to 2019. Impact is
also going to be discussed. Also economic determination and changes that has to be raise over
increment about average houses price within UK from 2009 to 2019. At the end of the report
identification and prediction has to be related to the current situation of covid-19 and has impact
on UK’s housing market. It has to be discussed about impact of covid-19 on market of housing.
Discussion about various effect of covid-19 on housing market.
MAIN BODY
How have average house prices in the UK changed over the period from 2009 - 2019?
In order to understand changes that has taken place on an average of housing price in UK from
2009 to 2019. Also it is important over identifying about house price. Average house price are
that midpoint of all houses units which are to be sold on market price in particular period of time.
This is termed as means of price that is equal to average price in addition of sales of goods
together and is divided by number of sales (Hans, Fernandes and Crasta, 2019).

There has been drastic changes within 10 years from 2009 to 2019 over an average
housing price says that price of UK has been identified with an average increase in it by 9% in an
year from 22 June 2019 to mat 2019 in three years there has been an slow down in UK. Earlier it
was 230000 Euro in June 2019. This is 1 lakh more that the price in June 2009 and 200 Euro
higher from price in 2018. Graph that has been given below is upon seasonally adjustable base
with an average of housing price that is being increased in UK 0.1% between 2019. If data has
been taken from source over different country then it can be marked that house price growth in
Wales has increased by 5.5% in recent year that current year and has increased by 50% since
2009. In the current time July 2109 England has an average housing price which is 167673 Euro.
Wales, Scotland and Northern Ireland have been standing with 127000, 130000 and 14100 Euros
respectively. It has been compared that on an average housing price is due upon changes and
inflation rate with many economic factor with a current average price in kit and all continents has
been mentioned upon different huge amount. As per the current position of July 2019 England,
Wales, Scotland and Northern Ireland having 247000, 164000, 151000 and 13600 on an average
of pricing in respective manner.

It is been observed in relation over growth in relation to house price which is been made upon
region of England within United Kingdom. Increase in the pricing of the house was from 2009 to
2019 which come up to one lakh Euros. This has happened due to different economic factors
dealing with economy in direct manner. Then social factors have made direct association in
relation to societal trends which makes various kinds of development possible. Both the factors
has directly made infrastructure improved in various areas of LONDON. It made amusement
parks and facilities increased that made average housing price get attracted over various
individuals to buy houses win particular area. The current data that has been given over England
region in relation over housing growth it can be seen that 3.2 percent price increased from June
2018-2019. It is a major growth as compared to overall growth of 0.9% in whole United
Kingdom (Hejduk, 2016).
What are the economic determinants of the changes outlined in your answer to Question
1?
Different factors are there that is having an direct impact upon prices of housing in UK.
The above information some factors has been explained as follows:
Growth in the economy: Protein economy is that type of economy that is related upon
incrementing of housing on an average in UK. The reason that is behind housing has to be

demanded and is being dependent upon revenue with higher economic growth and growing
wages is going to help people in spending money over the housing that going to boost economic
growth of an country. Also people are required to spend more money upon housing and
improvising more amount of money upon housing and applications is also going to improve.
Increment in pricing of housing facilities. This sin going to directly affecting average housing of
United Kingdom in which demand always become elastic in terms of income leading to an
increase in revenue over household. In the period of 2012 to 2109 has an recession upon
economy that is going to impact introduction of sales that has stop over buying and people are
losing job that has to fall behind models of payment and home.
Unemployment: This is also an factor that is being considered as factors which has to be
considered upon growth rate over housing on an average within an economy of UK in 2009 to
2019 this is because London is having lowest unemployment ratio in UK that has always
affected in positive manner and has increase chances of change that has total housing on an
average in UK. This tells that how market has to be directly been related to economic growth
with very less people able to afford house having unemployment. It is because employment
provides various facilities to a person that can be helpful in saving money over specific house
over living and spending money as per various housing services over an arrangement of all
finance from job. It always affect ratio of unemployment within an economy and restricts people
from entering into real estate.
Interest rates: This economic factor direct impact is there over incrimination over a housing
with an average in whole of UK because the government has to operate and promotion upon
different facilities of housing in an UK. It is direct intervention of government and low interest in
market of UK. This is helpful in boosting of demand of housing facilities. Interest rate has been
monthly payment over value of high interest rate this is going to increase mortgage cost and
reduction over the demand upon house required to be purchased (Liu and Stening, 2016).
Mortgage availability: In UK most of the banks are kind land mortgage during the boom
of 2009 to 2013. This has enabled people over borrowing of large amount in relation to revenue
over various kinds of bank that is five time of its annual income. It has impacted in positive
manner over people taking interest in building their home or purchasing land for this purpose in
UK. It has been providing over facilities to government that has made infrastructure with
opportunities upon opening new business venture within the nation also grew with high rate.
Also banks began to provide 100% of mortgage which gave flexibility in creating men in relation
to housing demand.
Cash supply: Flow of cash is being directly related over health and journal sustainability
in a marketing of housing this is there because of availability of an fund within an economy and
money is hard to receive in the sales of home has to be declined. If there is fast flow of cash in an
economy and directly impacts on the interest of investor. Flow of cash is directly being impacted

upon health in order to gain sustainability in an housing market which is because of funds and its
availability in the economy and money is hard to received from sales. Fast flow of cash in an
economy has to be directly impacted on the interest over investors and they are required to invest
in the start of the housing and real estate business due to easy availability of cash and finance.
Financial slowdown: This is one of the major factors in an economy that has to be
directly impacted upon average price which can be seen over the mentioned graph in the
question that has been mentioned above. Such step has increased an average housing price. In the
year 2013 to 2015 and in the middle of 2016 is economic slowdown within a globe an impact on
economy in UK has to be slow down on an average in order to make negative effect. In the
wheels and northern part of Ireland growth is in negative terms are at the rate of 2% and 5%
respectively.
It can be identified from the above mentioned. This has various economic factors which
have direct impact on the performance of different housing averages within an economy of a
nation. United Kingdom is also trading within the various economic factors which have direct
impacted on its performance but overall the positive impact. This can be seen as UK
continuously increasing its average housing price.
How has government action over the period 2009-2019 affected the UK Housing market?
Government acted as an important element in which UK housing market this is provided over
various policies that is having both positive and negative impact upon organization is trending
upon housing. This has to be done because of lot of policies and procedure that has been formed
in order to save an interest upon customer and also over different businesses that are being united
and deal in the housing society and different housing with market of UK( Mcdonnell and
Sikander, 2017).
Impact
Low interest rates: Interest rate is that kind of factor that has impacted directly over
purchasing an house within the economy in the year of 2013 to 2019 also UK government has to
provide various facilities in which the interest rate of market is where an individual is able to
take a loan on purchasing an house with minimum interest.
Subsidies: subsidies the major sector which attract large number of customer towards the
housing industry as facilitate them to reduce their financial burden as well as increase the
purchase of houses within an economy. in the period of 2013 to 2016 there is a Great depression
within the economy and for boosting the economy and increasing the business of real state
government provided different subsidies to the persons who are willing to find new house.
Valuation of land: land is one of the basic needs that are required in order to make a house.
Various policies has to regard upon valuing of land in the different form of continent. For

improving of sales various businesses in the year of 2106 government of UK has brought an
separate law that is being impacting directly over the policies that is related upon using of
policies and valuation of land upon various customers to make them afford house in easy manner
(Rezaee, 2020).
Cash flow: Play store is one of the important factors that is handed over the government
and is required to be executed in order to boost sales and purchasing of houses in an economy is
over real estate business. In relation to government in the year of 2106 real estate business is
going to form with its nightmare. Implementation of various kinds of techniques has to be
increased through cash flow is one of them. Government has to start investing in various kinds of
activities related to real estate.
The above mentioned activities are used by the government of UK to increase the flow of
cash as well as improve the market of real state within the economy. This also impacted
positively as it can be seen that if it is complete 2009 and 2019 then there is increment of 1 lakh
Euro within the average of housing sales. decision you change which impacted positively on the
real estate business as well as increase the economy and provided different benefits.
Predict what would be the impact of COVID-19 on UK Housing Market?
Covid-19 is an impacted which has negatively affected the whole world and has become
nightmare. Such impact has been directly affecting UK housing market that has reduced growth
and has to stop over working upon mass spread. Various impacts of covid-19 have been
explained as follows:
Reduces cash flow with an economy: Due to covid-19 large spread of virus in UK has shut
down all the operations that is related to each and every aspect over an economy. Also reduces
growth of an economy in UK as well. This has majorly affected cash flow and its major part
within housing market of UK for purchasing houses according to budget. As per the savings they
are able to save money over future as there is an economic activity and whole nation has
decrease cash flow in economy and negative business of UK (Sakai and Fauzia, 2016).
Low availability of finance: Covid-19 different economy crisis in UK and also effect on
an employee and its functions with economy that has been directly associated over financial
resources in an economy. Government has to move and is required to be focused on healthcare
facilities this is related to infrastructure and high demand level of investment is going to bring
financial crisis because high investment makes development of infrastructure of healthcare
facilities.
Changes in trend: Covid-19 has to directly affected upon money and savings all
individuals living in global as well as in UK are required over saving an individual that is living
in a global and is required to spend healthcare that is directly related over saving. Due to mass

lockdown no economic activities in UK has to be impacted on business of an individual over
savings in negative way. An individual started spending more amounts on healthcare and
changing trend upon saving money.
Increase cost of land, labour and material: Covid-19 has impacted negatively on the labour
and material that has been directly related to housing market of United Kingdom. This is due to
covid-19 over large number of labour within which it has been involved on housing market and
has increased impacting on an organization because this is going to increase their cost within
production over various houses over building an infrastructure related to housing marketing.
Consumers interest is being directly losing as they have to pay a high cost of the same material.
This impacted negatively on the sales of housing market and can also impact negatively in future
because there is no chance that migrant labour will came back to United Kingdom which
increase the prices of different infrastructure projects and will lead to delay in completion of
these projects (Sinha and Foscht, 2016).
CONCLUSION
It can be concluded from this report that UK’s housing business is being drastically
gaining popularity on an average price mark and has seen drastic changes from 2009-2019. This
related to various economic factors and determination is also an important part that increases an
average price of housing. Government is being provided through different assistance related over
gas supply of mortgage and impact of functions. Negative impact of covid-19 in future UK
business is going reduces cash flow with impact over cost land labour. In the end changes of
success in different areas due to land and labour cost.