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    Business Economic Factors of Private Housing Sector

    Brief :

    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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