UK House Prices Suffer Sharp Declines on Mortgage Costs
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Business, Social Studies
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University
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Hard
Wayground Content
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the current trend in the UK housing market according to the Nationwide Building Society?
The gap between asking and agreed prices is narrowing.
Mortgage approvals are increasing.
House prices are experiencing a correction.
House prices are rising rapidly.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following factors is contributing to the 'perfect storm' in the UK housing market?
Decrease in mortgage rates
Increase in global interest rates
Reduction in taxes
Decrease in cost of living
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the forecasted drop in house prices over the next two years according to the Office for Budget Responsibility?
5%
9%
15%
20%
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which factor is NOT mentioned as a potential mitigator against the predicted drop in house prices?
Low mortgage debt among the poorest households
More fixed-rate mortgages
Increase in unemployment
Well-capitalized banking sector
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to historical data, how long does it typically take for house prices to correct themselves?
Ten years
Eight years
Four years
Two years
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