An analysis of the key macro and small economics factors which impact on the current UK lodging commercialise
Introduction
This paper explores the current shoes in the UK admit market. Fundamentally, the paper argues that the current situation in the housing market is a legacy of the way in which the housing market developed over the early 2000s into the 2007 and 2008 fiscal crisis. As the fall out from this crisis has taken two or three years to properly be felt it deal currently be said to be exerting a study influence on the way the housing market in the UK is working today. The paper therefore places a major accent on developing an understanding of how the financial crisis occurred and the impact that this had on the UK housing market, in order to understand the key factors which ar shaping the housing market today. The paper begins with a looking at the state of the UK economy at the moment. This is only examined in brief but provides a key background to the work. This is because followed by a look at the UK economy and the housing market and how the two link together. The following ingredient is the major section of the work as this focuses on the macroeconomic factors which dumbfound shaped the housing market.
This section in particular focuses on the legacy of the housing market developments of the early 2000s. The following section briefly explores the microeconomic elements which have shaped the housing market - the major emphasis here is on the role of spoil to let mortgages as a means of investing. This is then followed by the final critical reflection before the work concludes.
The state of the UK economy
Like most markets, the housing market is heavily influenced by...
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