The UK houseing Market

2. Assignment
Topic:
It has been estimated by the government that Britain will need an extra 4.5 million new homes in the next 25 years.
Q1: Examine the possible reasons for this anticipated extra demand for houses. Use supply and demand analysis to illustrate how these factors will affect the British housing market.
Q2: Analyze the costs and benefits likely to be associated with a regional buoyant housing market.
What is the housing market?
The housing market is the overall market, where houses and other properties are bought and sold. Like any other market it can be modelled by us…