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Complete 7 pages APA formatted article: System Thinking/Soft Systems (PROPERTY PRICES).
Complete 7 pages APA formatted article: System Thinking/Soft Systems (PROPERTY PRICES). are some of the major causes of the unstable rise in the prices of property in Britain.
With a support from the current macro – economic growth which has been some what remarkable in the past year as the GDP had an interminable growth in the year 2006 (OECD Economic Outlook, 2006) also supported by a perpetual rise in the investment and an auxiliary rise in the consumption (OECD Economic Outlook, 2006).
This constant growth in the property prices also has its drawbacks. some of these drawbacks are incompetency regarding property purchase and loath for having kids. The demand for housing has also increased tremendously due to the increasing net immigration figures estimated between 250,000 to 400,000 concluded on basis of figures available for each of the years ranging from 1997 – 2007 (Office for National Statistics, 2007)
New Immigrants that move to the U.K., the figures of new net immigrants is estimated at about 250,000 to 400,000 concluded on basis of figures available for each of the years ranging from 1997 – 2007 (Office for National Statistics, 2007)
Divorced couples: Once a couple gets divorced one of them will have to move out and search for a new home, but the good news is that in the year 2005 - 2006 the divorce rates were down by about 4.5 % (National Statistics “U.K.”,2006) , which if remained constant may not decrease but slow down the property boom.
The instability in the property prices usually arises due to sudden demand or supply in the property which are normally caused by change in the figures pertaining to net immigrants, divorce rates and death rates. This is the reason to why the property prices in various different areas of the U.K. have such a huge amount of variation.