To what extent has the credit crunch contributed towards a downturn in Essay - 1

To what extent has the credit crunch contributed towards a downturn in UK house prices - Essay Example A trial is being made to relate the trends in the housing markets and the financial crunch to the theories of economics. The credit crunch and the national and international economic developments have had substantial impact on the country’s real estate market. Before analysing the present situation of the market, it would be ideal to have an overview of the historic developments in the housing market of the United Kingdom. After the downfall of the housing industry in early 1990, there had been a steady growth in the UK housing market. From the stage of disaster, the industry had dramatic growth resulting in the average house price to touch  £163,000 in the year 2005. The quantum of the growth is reflected by the fact that this price was the double of the average house price in the dawn of the millennium. (Cameron G, 2005,). Interestingly the trend was similar in the international scenario as well. The downfall of the US economy and the recession which began in early 2007, catalysed a chain reaction in the international economy as well. This resulted in serious credit crunch in most of the leading economies. The UK economy was no exception. There were serious negative responses in the economy which led to acute credit crunch. The finance flow was seriously affected. Real estate was one of the first industries to be affected by the credit crunch and the allied economic developments. The post recessive period observed critical economic outcomes in the housing industry of United Kingdom. In comparison with the previous year, the house prices were 7.4 percent lower in October 2008. (DCLG, 2008). The average house price in UK in October 2008 was  £203,539. At the same time the house prices paid by the first time buyers were almost ten percent lower than that in the previous year (DCLG, 2008). Meanwhile while

Alzheimers Disease Assignment Example | Topics and Well Written Essays - 250 words

Alzheimers Disease - Assignment Example Library.fiu.edu is the other website that has information regarding Alzheimer’s disease as a topic. This site provides information inform of both primary and secondary sources. All sources fulfill the HONcode principle criterion of authoritative, since each website indicates the qualification of the authors. Attribution is the other criteria that are fulfilled by all the websites, in that they give adequate information regarding the sources of information through citation (Hebda & Czar, 2009). Justifiability is fulfilled since the sites support the claims given through backing up with relevant information. Transparency is adhered to in the manner the information is presented, disclosing all the relevant issues on the topic (Englebardt & Nelson, 2002). Privacy as a HONcode criterion is adhered to by the sources, since confidentiality of the data given is maintained by ensuring no names of the individuals from the data was obtained is mentioned. However, funding disclosure as a HONcode criterion is not fulfilled by the websites. Additionally, Google as a source does not fulfill the principles of complimentarily and advertising policy, since it does not clearly distinguish the advertising information from the real topic content (Hebda & Czar, 2009). Nevertheless, the other two sites fulfill these