Impact of crime on communities

Question 1

low property value

Answer 1

If an area has a high crime rate it is likely property values in the area will decrease. This can be a problem for home owners as if they manage to sell their house it will be for a significantly lower price than what they bought it for so will lose a lot of money and may struggle to afford a property in a safer area with low levels of crime.

Question 2

example of low property value

Answer 2

The 2018 UK House Price Index showed 83% of areas in England where reported crimes rose, saw house values decrease

Question 3

businesses selling things for a higher price

Answer 3

Crimes such as theft which affects businesses costs them thousands of pounds to replace and/or recover their losses. To make up for this loss they will often increase the price of what they are selling which affects the customers in the area.

Question 4

example of businesses having to up their price

Answer 4

According to research the cost of business crime in Scotland is over £5 billion