With reference to the role of the property market, discuss the case for an active regional policy within your country.
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Q1a. With reference to the role of the property market, discuss the case for an active regional policy within your country. The demand for property in the economy is a derived demand, which is dependant on the performance of the economy as a whole. Regional imbalance in the economy has historically been a function of the location of traditional industries such as coalmining, shipbuilding, steelworks and the like predominantly in the North and the more diverse economies of the rest of the country. The decline of these industries led to migration of labour to other areas, generally the South East, and hence the development of regional policies to address the discrepancies between unemployment rates in the South East and that of less favoured regions. Capital moves in search of people and people in search of jobs but people also need housing as well as social goods such as roads, schools, hospitals etc. The...

