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 on effects on society in that those provided with a better living environment are more productive, healthier and better educated individuals, and this in turn leads to increased economic growth.The housing market can be broken down into three interconnected markets: This is the most common form of housing in the UK. As mentioned previously, house buying is for the majority of people the largest purchase made. Mortgages are obtained in order for consumers to afford properties, these basically being loans from a bank, building society or other financial institution. On the whole, lenders are prepared to agree to a mortgage equal to four times the salary of the consumer, i.e. for someo
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Some common words found in the essay are:
Conservative Governments, Housing Social, Housing Market, Owner Occupation, East Barnet, Market Years…, UK European, London Tube, Housing Markets, housing market, social housing, Rented Sector, house prices, owner occupation, private rented, demand owner occupation, 2001 worth, trends housing, desirable location, london easily accessible, housing markets, demand owner, trends housing market, desirable location suburbs, owner occupation housing,
Approximate Word count = 1215
Approximate Pages = 5 (250 words per page double spaced)
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