The credit crunch and its impact on the property market in the UK
Summary :
Table of Contents
- Abstract
- Introduction
- Background
- Methodology
- Data collection methods
- Data analysis
- Evidence
- The impact on property markets
- Comparison of USA / UK / Europe interest rates
- Conclusion
- References
Abstract
The report provides an evaluation of the consequences of the credit crunch for property in UK. It demonstrates that the credit crunch is having a comprehensive impact on investment, development and occupational markets and due to effect of credit crunch on the wider economy the result for property markets and commercial market is uncertain. With its heavy reliance on the financial and business service sector significant falls in transaction levels have already occurred in all the sectors of property markets i.e. office, residential and retail markets. Details regarding affordable housing provisions and commercial offices are gathered by conducting in-depth interview with the local land lords and estate agents hence providing the reasons behind the deterioration in UK's property markets.
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