The Housing Market

The Housing Market The housing market is possibly one of the most important markets in which we as everyday consumers take part in, simply because housing is a necessity and also probably the largest consumption good that is purchased. The majority of the average person’s income would probably go towards either rent or a mortgage. This is true also in terms of business expenses. It has been argued that decent housing has external knock …

…good educational facilities and health care Bought in 1993 during the slump in the housing market for £90,000 In 1993, was worth £120,000 but lack of demand allowed prices to fall below market value 2001, now worth £330,000 Will sell for £340,000 CASE STUDY 2) Semi-detached 3-bedroom, Totteridge; a desirable location in the suburbs of London, easily accessible with easy accessibility to Central London via the London Tube, several top borough schools in the area, good health care Bought in 1999 for £250,000 2001, now worth £320,000