Business Economic Factors of Private Housing Sector

Assessment Questions:

Task1: Investigate supply and demand analysis that helps to identify how the operation of markets, or sometimes the failure of markets.

Task 2: Recognise and explain the main economic policies that can be used to restore the demand for private housing in the UK

Points to be consider:

For Task 1:

A range of factors need to be clearly identified.

It includes:

Interest rates, Stamp duty , House building,  The income effect Regional / local demand factors Population.

This is not an exclusive list. Diagrams must be included. Supply to right / left and the effect on private house prices.

For Task 2:

The main economic policies such as Interest rates,  Stamp duty, Right to buy affordable home ownership schemes,  Planning permissions.

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