Analysis of real estate market in United Kingdom

Lădaru Georgiana Raluca (), Gombos Carol Cristina (), Spiridon Carmen () and Troaca Victor Adrian ()
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Lădaru Georgiana Raluca: Bucharest University of Economic Studies, Romania
Gombos Carol Cristina: Bucharest University of Economic Studies, Romania
Spiridon Carmen: Valahia University of Targoviste, Romania
Troaca Victor Adrian: Bucharest University of Economic Studies, Romania

Proceedings of the International Conference on Business Excellence, 2022, vol. 16, issue 1, 336-345

Abstract: Most people make very few real estate transactions on life transactions, and these, in addition to the fact that the most important financial transaction in which they are involved, also have a high degree of complexity from a legal and financial point of view. This finding is valid in all countries with market-based economic systems, regardless of their degree of development. The three elements that are common to real estate transactions in these states are: meeting demand with supply, transfer of property rights, and mortgage financing. Over time, each of these elements has been in the attention of the world’s competition authorities in general and the Competition Council in particular. Activity in the UK real estate market has always been at European economic events, and its action is very important, manifesting itself both as an international trigger - a conclusive example would be the “subprime” residential crisis in the United States. and an important transmission mechanism to the real economy, which affects the transactions carried out, influencing mortgages, etc. or the effective application of competition rules. However, these measures require the construction of a consistent argument that address both the causes of these anti - competitive restrictions and their effects on consumers. It is also necessary to quantify the possible effects that they can have reforms in this area, as well as a comparison of the results obtained with empirical evidence from the states in which these reforms were undertaken.

Keywords: competition; market; mortgage; real estate; United Kingdom (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:poicbe:v:16:y:2022:i:1:p:336-345:n:37

DOI: 10.2478/picbe-2022-0033

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