This week we’re delving into one of the invisible forces that guides the property market: supply and demand.
It’s not the only force that operates on property (we’ll be looking at some of the others in the coming weeks), but over the long-term it’s one of the most important. We discuss:
- What the laws of supply and demand actually are
- The role it plays in driving the property market
- The supply-side challenges that mean the UK is constantly missing its housing targets
- The various sources of demand that are adding extra pressure
- What this means for the long-term prospects for UK property…and for the country as a whole
News this week
Resource of the week
Not one but two resources this week, both relating to our main topic.
The first is David Smith’s book Free Lunch, which is subtitled “easily digestible economics”. It’s a great primer if you want to get to grips with the fundamental concepts that make the economy tick.
And if you learn better with video, the Khan Academy series on Microeconomics is another easy way of understanding the same topics.
Vote Rob & Rob!
Forget the EU referendum – a far less contentious and just as important (maybe) way for you to exercise your democratic right is to vote for The Property Podcast in the New Media Europe awards!
We’ve been nominated in various categories and we’d really appreciate your help – all it takes is a quick click, no registration or form-filling.
Click here for all the details – and thank you!
Join the conversation
Is there anything that can be done to bring supply and demand for housing back into balance?
Or do you think we’re overstating the importance of this factor in determining house prices?
We’d love to know, so join the discussion in The Property Hub!
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