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Housing is the biggest form of personal wealth in the uk. The housing market is influenced by the state of the economy, interest rates, real income and changes in the size of the. Updated graphs and statistics on uk housing market. The housing market is a good example of how supply and demand works within an industry. Both an investment and a consumption good, it is traded in markets that are subject to significant search frictions and information asymmetries. The housing market is closely linked to consumer spending. Different regions do not necessarily have synchronising real estate cycles. In addition, housing accounts for. How does the housing market affect the rest of the economy? When house prices go up, homeowners become better off and feel more confident.
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