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Managerial Economics Essay

3137 words - 13 pages

LONDON SCHOOL OF COMMERCE

MANAGERIAL ECONOMICS

18TH OF OCTOBER 2012
Submitted By- Jannatun Nayem Sultana Runa
ID—B0279KDKD0412
BA (Hons) SEMESTER-2

Lecturer-- ELLIE SAMSER



Contents Pages

Introduction 3

Aim 3

Limitation 3

UK Housing Market 3

Review of UK housing market 3-6

Factors effect in UK housing market price 7-14
a) Demand 7-11
b) Supply 12-14

Present situation/scenario 15

Government innovation 19-21

Conclusion 22

References 23-24

INTRODUCTION
The UK housing market has experienced a varied rate of ups and downs in house prices for past few decades. During the past 30-year period, the nominal and ...view middle of the document...

.
Aim
The aim of the paper is to analyze the UK housing market and forecast the possible price trend for next( ………………….6 years).
Limitation
The paper is mainly prepared basing on secondary data and knowledge from text book.
UK Housing Market
Housing Market
General market of house purchase and sold in present of sellers and buyers either directly or indirectly by brokers. (http://www.investorwords.com/7650/housing_market.html)
Review of UK Housing Market
UK is an immense country with the inhabitants of versatile races. The rapid technological development since 1970 has changed the life style and pattern of the people dramatically. The change in the concept of leading a life is so fluctuating that when somebody is thinking something impossible, someone else somewhere has already done it. Adding to it the money supply in varied rate over varied period has also stimulated people to be bold and take risk. Recession in the economy due to natural cause or unwanted manipulation has also caused
people to be sufferer. Along with other factors, the housing market has experienced bear and bull period in the house prices.(http://www.mortgageguideuk.co.uk/blog/uk-housing-market/when-will-house-prices-reach-rock-bottom/)
The diagram below shows the influx prices nature of UK housing market ---
2000 Q1 | £77,698 | £99,906 |
2000 Q2 | £81,202 | £102,515 |
2000 Q3 | £80,935 | £101,999 |
2000 Q4 | £81,628 | £102,214 |
2001 Q1 | £83,976 | £105,277 |
2001 Q2 | £87,638 | £108,540 |
2001 Q3 | £91,049 | £112,700 |
2001 Q4 | £92,533 | £114,669 |
2002 Q1 | £95,356 | £118,100 |
2002 Q2 | £103,501 | £126,658 |
2002 Q3 | £110,830 | £135,166 |
2002 Q4 | £115,940 | £140,128 |
2003 Q1 | £119,938 | £144,151 |
2003 Q2 | £125,382 | £148,949 |
2003 Q3 | £129,761 | £153,727 |
2003 Q4 | £133,903 | £157,680 |
2004 Q1 | £140,225 | £162,912 |
2004 Q2 | £148,462 | £171,634 |
2004 Q3 | £153,482 | £176,395 |
2004 Q4 | £152,464 | £173,559 |
2005 Q1 | £152,790 | £173,471 |
2005 Q2 | £157,494 | £176,762 |
2005 Q3 | £157,627 | £176,268 |
2005 Q4 | £157,387 | £175,001 |
2006 Q1 | £160,319 | £177,801 |
2006 Q2 | £165,035 | £179,882 |
2006 Q3 | £168,460 | £182,049 |
2006 Q4 | £172,065 | £184,006 |
2007 Q1 | £175,554 | £186,258 |
2007 Q2 | £181,810 | £189,810 |
2007 Q3 | £184,131 | £191,490 |
2007 Q4 | £183,959 | £188,849 |
2008 Q1 | £179,363 | £182,997 |
2008 Q2 | £174,514 | £174,514 |
2008 Q3 | £165,188 | |
2008 Q4 | £156,228 | |
2009 Q1 | £149,702 | |
2009 Q2 | £154,066 | |
Q3 2009 | £160,159 | |
Q4 2009 | £162,116 | |
Q1 2010 | £162,887 | |
Q2 2010 | £168,719 | |
Q3 2010 | £167,354 | |
Q4 2010 | £163,244 | |
Note- Q1 – First three months of the year

The historical data may also be presented in following graphical form:
Biggest fall

http://www.marketoracle.co.uk/Article1893.html.

Factors Affecting Housing Market in UK
Demand Side Factors. As follows:
 Economic Growth ...

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