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Q6) Housing Prices Slow down In 2017 the housing prices in the UK are rising much more slowly than in the previous Years. In 2014

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Q6) Housing Prices Slow down 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 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 (10 Marks)

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