Newcastle is one of the largest cities in the UK, it has more than 500 shops in the city centre. Newcastle is famous in sport and it has one of the biggest stadiums in the UK; the St James’s park, home for…
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Famous places that are recommended to visit are The Millenium Bridge, The Quayside, and Theatre Royal.
Birmingham is the UK’s second largest city. And one of the most greenest city in the UK, it also has a major university called University of Birmingham its known as one of the best universities in the UK. Birmingham is famous by its big and beautiful theatre the Birmingham Hippodrome.
A review of the data from Birmingham and Newcastle reveals a significant difference in the types of houses available in both cities. In Birmingham, most houses have 6 bedrooms while in Newcastle, most houses have 5 bedrooms.
Unlike Birmingham, Newcastle has a higher variety in types of houses available. Besides, semi-detached and detached houses, there are bungalow s and terraced houses available in the market. Demand for detached and semi-detached houses however, is high in both
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That is why real estate owners construct houses of different quality and different sizes, with an aim to cater for every citizen of a country. With the constructors work done, it is up to the owners to decide on house prices, depending on the quality, location, and prestige among other factors.
Changes in House prices in UK over the Last Three Years
High demand in the short-run was experienced but the time taken to build houses is long. Supply for the houses was inelastic because the number of houses available to meet the demand were less than the demand itself.
It can allow people from different parts of the world to use the same virtual system for different purposes. Virtualisation is being deployed and implement by many institutions of all kinds across the world. The New Castle College is one of the many that have implemented virtual system.
The study also brings to light the factors that are considered for the monetary policy, which has a direct relation with the property prices in the UK. So the purpose of the study covers a wide purview of Bank of England's monetary policy and tools used to regulate interest rates and contain inflation and regulate property prices and also the various factors that are responsible for a change in property prices.
Factors affecting demand and supply of crude oil and natural gas have also been discussed.
According to economics theory, there is deemed to be a relationship between natural gas and crude oil prices. This is based on the fact that natural gas and crude oil are substitutes in consumption, as well as rivals, in production (Villar, Joutz).
stem, economic reasons that will provide the readers a good explanation why the market value of gold remains the same but not the market price of houses will be highlighted in the study.
The study of microeconomics enables us to understand the basic interaction between each
However, the cyclicality of housing prices is a very complex and often difficult economic problem to deal with because housing prices cycles are not symmetric i.e. they show different cyclical patterns every time.(Geffner, 2008). However,
redictions and warnings of Goldman Sachs of the severe adverse effects of the global credit crisis on the economy of UK, which was predicted to be worst hit due to its heavy reliance on financial services, house prices declined for the first time since 1996. This has led the
Largely, market prices of gasoline products change whenever crude oil prices change. Policy makers in the oil industry are aware of the influence of this relationship. This paper explores the relationship that exists between the crude oil and the gasoline
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