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In 2017 the housing prices in the UK are rising much more slowly than in the previous Years. In 2014 & 2015 the housing prices

In 2017 the housing prices in the UK are rising much more slowly than in the previous Years. In

2014 & 2015 the housing prices rose by averagely 9%. The fall in the housing price is linked to higher

17

inflation and slower wage growth, interest rates growth. Comment on your view why macro factors affect

the Housing Prices. Why are housing prices of rising less rapidly than previous? Use demand /Supply

diagram to explain your reasoning.

kindly help me to answer this question especially with diagram that i need to draft

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