Overview
The presentation HAS TO be focused on the UK housing market
‘Lower mortgage costs and more interest rate cuts could fuel a rise in house prices for the rest of this year, Halifax has said (Race, 2024). https://www.bbc.co.uk/news/articles/ce9zjgex85po
Research and analyse why lower mortgage costs and lower interest rates could lead to a rise in house prices. Use the concept of demand and supply as well as at least one figure/graph/table to support your presentation. Show shifts, movements and changes in equilibrium to your graphs if they apply.
You MUST use up to date and relevant economic data to support your arguments. This data must be from the period 2022-2024.
READING REQUIREMENTS
Include, but not limited to
1. Krugman, P.R. and Wells, R. (2020). Essentials of economics. New York: Worth Publishers. McMillian Learning,.
- Office for National Statistics. [online] Ons.gov.uk. Available at: https://www.ons.gov.uk/
- The Economist. Available at: https://www.economist.com
- Bank of England. Available at: https://www.bankofengland.co.uk/
- Williams, E. (2024, July 10). Labour's housing plans are a 'step in the rightdirection'. Financial Times.https://www.ftadviser.com/residential/2024/07/10/l...
- Francis, S. (2024, April 19). Labour unveils plans for new housing on 'grey belt'. BBC News. https://www.bbc.co.uk/news/uk-politics-68849078
- Race, M. (2024, August 07). Rate cuts to fuel house price rises, Halifax says. BBC News. https://www.bbc.co.uk/news/articles/ce9zjgex85po
Presentation has to include
Slide 1. Title Slide 2,3,4 Content Slide Slide 5. Reference slide.Minimum of 8 references including Krugman & Wells. Also, please write notes for the presentation that describe or provide more detailed information about what is on the slide in order to present it.