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An investigation into the causes of rising house prices in the UK.
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Economics coursework An investigation into the causes of rising house prices in the UK. By James Keane Aim: to discover why house prices have risen in recent years Hypothesis: I think that rising house prices inn the UK is mainly due to interest rates falling consistently. The forces of Supply and Demand determine the prices of houses. If there is a decrease in demand or an increase in supply, it will mean that prices will fall. If there is an increase in demand or a decrease in supply then the prices will rise. Price determination can be shown in a supply and demand diagram. Price (£) of Houses 225,000 Supply 150,000 75,000 Demand 100 200 300 400 Quantity Demanded and supplied When the price is at 75,000 the demand will be at 350, however the supply will be only 125, which will result in an excess of demand. When the price is at 225,000 the demand will be at...
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