“The British housing market has “deep, deep” problems, according to the Governor of the Bank of England.
In an interview with Sky’s Murnaghan show, Mark Carney warned that rising house prices represented the biggest current risk to the economy.
He added that the number of large mortgages being approved to house buyers was on the rise and that the UK was in need of new house building.
Mr Carney said: “The issue around the housing market in the UK … is there are not sufficient (numbers of) houses (being) built.”
One of the biggest issues of the UK economy if the constant changes in the housing market. Using the above article passage and any other you may research, write a report analysing what are, the main reasons for those changes. Is the microeconomic or the macroeconomic environment the one that affects prices most? Are the property market challenges linked more to supply or demand?, or maybe we have to consider macroeconomic issues like the exchanges rates, growth and unemployment?
You should include both sides of economics (macro and micro), and elaborate on the most relevant theories.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more