Market Conditions Flashcards
1
Q
What is the current econimic conditions?
A
The global economy is continuing to grow at a reasonable rate.
. The uk GDP is rising sluggishly with a slight rise expected in 2019
. Construction output has began falling
. Housing market, prices are still higher than a few years ago however the markets have slowed down
2
Q
What are market conditions like?
A
House price rising
Lack of supply
Uncertainty over brexit
. House prices fell the first quarter of 2019 reported in March but still higher than last year
3
Q
What is the average house price in the uk as of January 2019?
A
£228,147
4
Q
What does the house price index stand at?
A
119.66 - sources from land registry
5
Q
What is the bank of England’s base rate?
A
0.75%
