House Prices

What Do You Think Will Happen To House Prices everywhere The Next Year?

I
n my report I leave be looking into the housing marketplace place. I will be trying to analyse what has happened and what is happening and from this I will thus predict what I believe the future of the housing market holds. I will look at the way the market has appendd to see why this is such a enormous topic to cover.

In the last decade or so, household prices tolerate been ascent ruthlessly. This is great news for home sufferers, but for first-time buyers or those eager to get on the market causes all sorts of problems. gibe to the Office of National Statistics, UK house prices have risen by 204% in the past decade comp ared with a 94% increase in average wages. Just a quick view at these figures cannister reveal to anyone why people are having such problems getting on to todays market. The prices have risen by 10% in the last socio-economic class alone according to Halifax and Nationwide.

Looking at the graph (pictured right) you can see that the house price to earnings ratio is at an all time high. In 2006, it stood at almost 6:1. This is more than double what it stood at 10 years past when it was under 3:1. It is currently almost at a standstill, which is the cause of a clutch of heavy debates.



A lot of experts believe that the will be a very engross and rapid decline in house prices as the ball-shaped bubble bursts. However some believe it to hold its own and continue to be so high, or even easily increase.
In the late 80s prises were too rising heavily and houses were very expensive for their time. But then a house price crash took place and in the early on 90s the price had dropped. If you look at the graph (pictured right) you will see that from peak to trough we can only(prenominal) see a 13% fall. However, if you take into account fanfare then the fall is much larger. Some economists are predicting a 40% correction or more this time roughly. til now if you look at a middle-of-the-road prediction of around 20% then you can clearly see what...If you compulsion to get a full essay, order it on our website: Orderessay



If you want to get a full essay, wisit our page: write my essay .