A Study of the United Kingdom Housing Price-the Influence by Micro and Macro-Economic Factor

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ABSTRACT

This study focuses on the various micro and macro economic factors effecting on the housing prices. To enhance the research housing prices of United Kingdom affected by the economic factors were taken in to account. This study also describes the UK House Prices and GDP Growth Trends Analysis.

Contents

CHAPTER 1: INTRODUCTION1

CHAPTER 2: LITERATURE REVIEW3

CHAPTER 3: METHODOLOGY26

CHAPTER 4: DISCUSSION37

CHAPTER 5: CONCLUSION56

CHAPTER 1: INTRODUCTION

1.1 Outline of the Study

This research focuses on the various economic factors effecting on housing prices and its impact and comprises of the following chapters:

Introduction

Literature Review

Methodology

Conclusion

1.2 Research Aims and Objectives

This research aims to find out the affect of micro and macro economic factors on the housing prices of United Kingdom. These factors may be Credit Crunch, Global Financial Market Liquidity, Credit Market liberalisation, Unstable Oil Price, GDP, National Income, inflation Rate, Interest Rate, mortgage grounded and Credit supply condition

1.3 Ethical Concern

Researchers will be fully involved in this awareness of ethical issues. All project-related processes and ethical issues are the principal investigator responsibilities. Of such a study will be conducted, the integrity of the enterprise will remain ? and negative consequences, may reduce the potential of future research will be the way to avoid. The choice of the research questions will be based on the best scientific judgments and the effectiveness of a potential participant in the assessment of risk and the social commitment by the participants. The study will involve an important issue of intellectual property rights.

The researchers are aware of any potential harmful effects, in which case the method chosen ? and after consultation with colleagues and other experts to use. The method for selecting good reason will be given. The study will be a competent manner as an objective and unbiased scientific projects. The study will be carried out with standard and fully comply with local customs laws and regulations knowledge. Researchers are ? and respect the host culture familiar.

In the 'principal investigator own moral principles, clear to all involved in this study to other researchers with knowledge of cooperation. Potential conflicts will be resolved before the start of the study. The study will avoid the individual or community; they studied the life of improper invasion. The welfare of informers has the highest priority, their dignity and privacy interests of at any time will be protected. Freely given informed consent of all subjects, such as libraries that provide access to literature sources will be used.

CHAPTER 2: LITERATURE REVIEW

Housing demand has never been, so far, such an issue for both the government and the building industry. This essay will discuss about the trend in demand for housing in the UK and the difficulties the government and the industry face when dealing with predicted demands. It will also talk about: the change in the living standard of people, the actual social life of people, their affordability, the rate of birth compared to that of death, the number of international migration, and their consequences in ...