HOUSING PRICES IN UK

Housing Prices in UK



Abstract

The price of housing in the uk has remained virtually unchanged in september, according to the nationwide financial institution. The purpose of this research paper is to explore the concept of housing prices in UK. Data is collected through various online & offline resources (secondary research method used). This paper is based on qualitative secondary research method The housing inflation fell slightly last month, from a rate of 10.5% in April to 9.8% in May, according to the latest report by the mortgage lender Nationwide.

Table of Contents

Abstract2

Introduction4

Methodology4

Empirical Findings4

Discussion7

Conclusion7

References9

A Reflective Statement10

Housing Prices in UK

Introduction

Property in England is a sign of high social status and prestige, many of the elite of entrepreneurs from around the world have their own home in the country. London is an ideal city for business. Besides, London is considered the capital of the economy, politics, fashion, music in Europe. Properties in England is a great investment, prices are rising year by year (Ball, 2012: pp. 132-138). There are many types of property for sale and there are differences between different regions of the country. 

Methodology

The research question of this paper is: what are the recent stats regarding the housing prices in UK?

What are the after effects of the rising housing prices on the UK economy?

This paper is based on qualitative secondary research method. Regarding the nature of data, only scholarly work was accumulated which could be quoted easily. All the collected data has been referenced properly avoiding any form of plagiarism. Though, the mostly gathered data was found in descriptive manner, charts and figures were also extracted from previous conducted researches which have been added in the second chapter of literature review.

Empirical Findings

Today, buying overseas property in any part of the world public and not too much trouble. The foreign market is very diverse and offers a cost-off and interesting options, from which you can make a decent choice in the future to buy a property in private ownership. Therefore, the choice of real estate abroad must come great responsibility. Where to start addressing this issue? What information should be considered in selecting a property? What additional costs may arise (Ford, 2011: pp. 25-29).?

Many European countries, Turkey, Egypt, the U.S. give legal purchasing residential property for foreign nationals. Some of the limitations in this regard, for example, in Thailand, the Czech Republic, Croatia. Purchased on an individual is only an apartment, any other property can be drawn here to the active and established in the country a legal entity. Recently, the Czech Republic took off the restrictions, Croatia lifted the restrictions for EU citizens. Acquisition of land, too, has its own characteristics in different countries. Lithuania, Turkey can register the land only to the legal entity, registered and operating in the country. Countries such as Bulgaria, Thailand allocate land for rent only. Italy has a prohibition for foreigners to buy agricultural land. United States in this matter most loyal country - buying land here does not require any additional information ...