Subject: Microeconomics
Topic:
Discuss the factors that affect the demand and supply of houses and how these determine house prices. Focusing on the recent and ongoing pandemic explain how these factors have been affected.
Explain the role of the government in the housing market. Analyse the different measures taken by the government (i.e. stamp duty holiday, availability of credit, etc.) during the pandemic and how these have affected the volume of transactions and house prices. Also discuss the impact on the rental market and government interventions like rent controls.
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