It shall be an argumentative study, taking into consideration both aspects of a house price bubble. House price bubble can be stated as an increase in housing prices due to speculation or high demand. Housing bubbles…
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House price increase in London indicates that property dealing in London is not a sustainable one. London house prices are becoming unaffordable by citizens as well as immigrants (Ogonna, Chris and Charles, 2013). The house prices are currently eight times higher than that of salary of first time buyer. It has been observed that house prices have a significant impact on economy and banking sector of a geographical region. Increase in house prices clearly denote that middle income group is not being able to purchase a house in London or nearby locations (Tyson, 2003). On the other hand, increased house prices in London are not only a problem for this region but shall also have an impact on surrounding regions. The house price bubble is well represented in figure 1. It is clearly evident that demand towards real estate is significantly high in London. Domestic and overseas demand in London is high so as to sustain real estate selling. People having normal wages are not able to afford flats or residential places in London. First-time buyer average increased to £159,804 in the previous financial year. A speculative bubble shall be formed in the coming years due to high prices of houses in London. It is a real danger since maximum percentage of individuals would not be able to afford such high priced houses (Telegraph Media Group Limited, 2015). This might adversely affect economic conditions due to lack of residential places in the region. The argument is based on increasing gap between wages and house prices. Individuals need to possess sufficient funds in order to afford housing property. Market demand in real estate sector of London is triggered through prices bid by investors and buyers being inclined towards purchasing real estate properties. In the present scenario, price of a house in London is approximately 600,000 pounds. Other region in UK accounts for low prices much below pre-crisis peak and hence there seems to be a little danger
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Hence, Chinese housing prices are in a rising trend for the 4th consecutive month. Reasons for Sudden Demand for Private Houses Nearly 16 provinces in China raised their minimum wage levels by 19.7% in 2010. The salary earned by the youngsters in China is nearly equivalent to the salary earned by mainstream Americans in all professional fields.
There are, however, additional duties which in-house counsel typically fulfill and a brief look at the in-house counsel at Price Waterhouse is illustrative in this respect. This essay, in particular, will address how in-house counsel function as advisors to other departments and the training functions which they perform within their business organization.
A full list of the references employed has been included.
The Shanghai market has been the focus of much attention in China and abroad as its real estate markets takes off with impressive vigor. Since the 1997 Asian Financial Crisis, Shanghai has succeeded in capitalizing on the demand for prime Asian commercial real estate by opening up its markets to foreign investors and local purchasers alike.
Due to irresponsible speculations and other influences that entice careless investors to buy commodities or stocks to a unreasonable level this phenomenon inflated prices to an unrealistic level that would eventually
rved on the real estate markets, the so-called house price bubbles, to understand what a house price bubble is it is necessary to clarify its meaning and to find examples. Analysis of the economic news of 2014-2015 in London shows that features of such phenomenon are observed in
Throughout the past so many decades London has maintained a history of attracting property investors from all over the world, thanks its ideal location along with guarantee of a peaceful and secure place to live in.
The crisis stated in 2007 with house prices rising by a great percentage (Clark, 2014, p. 1). Many are also questioning the economic impact of the housing bubble in London and its ability to spread somewhere else. From history