Topic: As UK house prices continue to rise there were many concerns about potential shortage for

first time buyers

Task:

- discuss the key factors impacting on the supply and demand of housing in the UK in the last few years

leading into 2024. Better to use (2020-2024)

- to research what happened in practical terms and link this to economic theories

- to include clear and detailed self-made supply and demand diagrams and explain them (9 diagrams). Use relevant sources like Office for Nation Statistic or Statista for diagrams.

- to explain the data in the diagrams

1) A basic supply and demand equilibrium

2) Supply shifting to the right

3) Supply to the left

4) Demand to the right

5) Demand to the left

Diagrams showing elasticity (elastic and inelastic), for both supply and demand need to be

drawn.

6) Elastic demand

7) Inelastic demand

8) Elastic supply

9) Inelastic supply

PLEASE USE RELEVANT INFORMATION (2020-2024) AND PLEASE INDICATE WHERE INFORMATION WERE FOUND (WITH LINKS)

THANK YOU!