• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Primary Research Interview

Extracts from this document...

Introduction

Primary Research - Interview I visited my local 'Lanes Property Agents' branch and I spoke to a gentleman named Lee Saunders who is a sales negotiator. I asked him a few questions and he answered them willingly; these questions included: 1. What would you say was the recent problem in regard to the housing market? Lee explained that in the housing market there is a cycle of buyers and sellers that each rely on each other in order for the next stage to be successful. He emphasised the importance of the first time buyer in the cycle, as without them; subsequent buying and selling will reduce - and at an extreme cease to exist. ...read more.

Middle

He said that the UK learned from the mistake in the US and thus tightened lending criteria; and reduced the number of mortgages that they gave out to people who weren't able to keep up with the minimum threshold of repayment. He used Northern Rock as an example: He stated 'Northern Rock was the best mortgage lender in the country for 100% mortgages; but they lent so much out [to people who just couldn't repay] they couldn't get the money back - and now look at them'. I then went on to ask him about his views on Enfield in particular and whether the housing problem had affected the Enfield branch of 'Lanes Property Agents'. ...read more.

Conclusion

After this period of high house prices, the market has settled once again and interest rates have fallen which has allowed consumers to borrow more money which translates to more buyers. '6 or 7 months ago, we [Lanes Property Agents] had so many customers, we could pick and choose who to represent - it is now a buyers market'. 4. What do you think will next happen in regard to property sales - in particular with regard to Lanes Property Agents? Lending criteria had slowed down sales but now they have started to increase once again. Lee is hopeful that interest rates may go down next month, which will encourage more buyers to the market. Lee concludes by adding that they are going strong - [They are selling] 'well in excess of 25 properties a month but not as much as before'. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Miscellaneous section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Miscellaneous essays

  1. Customer experience management in UK higher education

    (Lawson 2002 139) Customer Experience Management Customer Experience Management (CEM) is the creation of positive customer experience to build an emotional bond between customers and product or provider. The primary goal of CEM is to make customers satisfied and customers from loyal customers, to "enthused Ambassador" of the brand or product.

  2. Referencing. This essay is going to look at four different methods of research used ...

    Another negative of using newspapers is that some stories may be made up just to make headlines and to sell the newspaper. The way to reference from a newspaper is similar to that of a book and journal, except that as with the journal the volume and issue numbers are not needed.

  1. Ownership of the T & T industry

    Many of the best artists in the world will come and do a tour of the UK, as there are many big cities and also many concert halls. The biggest venues are probably in London as they have the Royal Albert Hall, the London Apollo, Earls Court, Wembley Arena, Twickenham

  2. Discuss research into the explanation of the function of sleep

    apply to non-animals as there are significant differences between species and it is possible that no single hypothesis could cover them all. Ultimately for most people intense exercise may cause them to fall asleep more quickly but it does not cause them to fall asleep for longer which is demonstrated

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work