1. Draw supply and demand diagrams to illustrate what was happening to house prices 

(a) in the second half of the 1980s and the period from 1997 to 2007; 

(b) in the early 1990s and 2008-12; 

(c) 2014-16 in London, and in a region outside SE England.

2. What determines the supply of housing? How will factors on the supply side influence house prices?

3. What is the role of the prices of ‘other goods’ in determining the demand for housing?

4. Find out what forecasters are predicting for house prices over the next year and attempt to explain their views.