Macro and micro highlights
Sava
Created on October 25, 2024
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Transcript
The UK has what type of housing markets that can behave differently to what is happening nationally?
Past trends
Economic impact
Market influences
In the English housing market, limited can't keep pace with rising and that leads to price inflation as buyers compete for scarce properties.
Fixed-rate mortgages are popular for stability, while variable mortgages adjust with what?
Highlights
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The wider economy significantly impacts the housing market
The UK has micro housing markets that can behave in a different way to what is going on at a national level.
Understanding past trends is crucial in helping to anticipate future risks
Valuers must recognise the broader economy's role in the housing market
supply
demand
Variable mortgages adjust with interest rates