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

What influences demand for housing?

Extracts from this document...

Introduction

What influences demand for housing? There are many key factors that will affect the demand for housing some of the easy ones to notice are population and price. These factors effect lots of goods as the larger amount of people the more consumers there will be. With price a consumer will always wish to pay the lowest amount for a good. If the price gets to high then they will find a substitute. Looking at population in more detail it isn't as simple as it would first appear. You could just say the public will buy a house and the more public there is there is more demand for the good. This in turn would allow housing companies to charge larger prices and so only the rich can afford it. ...read more.

Middle

This is good for people who are only in the country for a short period of time, as you can charge them large amounts because of the location of your house. Some people don't have any money at all and are in a bad economic state and are given a house/flat by the council. They still have to pay money to live in the house but less than from private rent business. Private rent businesses are there to make a profit and will charge higher prices and have better quality goods to match. When looking at price it normally goes on a set pattern that as high prices means less demand and vis versa. The problem was this didn't happen and looking at figure 4.8. ...read more.

Conclusion

There is no substitute for a shelter but a house in its simpler form can be avoided by living in a flat, renting, cave etc. If the house prices rose at a huge extent and interest rates were at a all time high, people would have to look for a new means of shelter. The rich may still be able to afford to move and buy houses but the poor wouldn't. This would make them look to find different means of shelter or building their own as it could prove cheaper. Also most people already have a home and they wouldn't need to move out and buy another house. They do this normally for comfort or the family has grown bigger or smaller. This is mind people could just wait for the price to drop. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Economy & Economics 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 GCSE Economy & Economics essays

  1. Causes of the Great Depression

    To protect the nation's businesses the U.S. imposed higher trade barriers (Hawley-Smoot Tariff of 1930). Foreigners stopped buying American products.

  2. external influences

    Both these methods need close monitoring because of their potential for causing severe environmental damage. The EU has recently approved a directive setting strict guidelines for landfill management. It bans certain types of waste, such as used tyres, and sets targets for reducing quantities of biodegradable rubbish.

  1. Free essay

    Globalisation & changing career patterns

    Regulatory regimes - when they do exist - are often in early stages of development. Companies can be subject to inconsistent applications of regulations, including taxes and employment-related issues. In addition, conducting business in foreign countries often means being confronted with certain business practices that require sensitivity and tolerance.

  2. External Influences of Richer Sounds and Corus

    Corus have been affected by these technological changes. They are beginning to advertise online. Their customers will now be aware of the products they sell. Corus are also finding it easier to keep track of their stock and raw materials, this is mainly due to the new technology for keeping

  1. External influences

    The body shop is known for their exquisite ways for caring for our environment. At the body shop, they focus mainly on the following environmental issues. They are: o Emission of greenhouse gases o Waste o Supply chain o Product design The body shop has also done numerous amounts of campaigns to help business to try and protect our environment.

  2. Case Study: The Home Depot

    The second column is the weight column. In here, for each factor will be given a number indicating the importance of this factor. Most important is 1.0, not important is 0.0. The total weight must be 1.0. In column three a rate is created for each factor which signals how well a company responses to the factor.

  1. Business - External Influences.

    have to fill in many posts and may have to raise wages. The supply of skilled labour is also not good. High unemployment on the other hand means that there is a much larger labour pool waiting to be tapped, so wages can be kept low.

  2. The Housing Project

    One of the main potential risks this market carries with it is when it crashes it is likely to affect all other businesses.

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