Non Teaching Credit Course Report

Secondly I would also like to thank my parents, friends and family who helped me a lot in finalizing this project within the limited time frame.

The absence of a place to live (a house or apartment or room - the physical structure) - which includes the absence of belonging to a place and the people living there (a home, in the social/psychological sense). [It refers to] situations in which people lack regular and customary access to adequate and appropriate conventional housing (the physical structures that are designed and intended to be permanent residential accommodation). A person who has no regular place to live stays in

I would like to acknowledge and give thanks to the people who have helped me in the preparation

A house comprises of many different components, each of which may add value to or subtract value from the asset thus, increase the price or decrease the price. The physical attributes which influence the price of the property includes; the physical improvements to the site, the size, quality and the style of the structure and other factors such as the location, condition of sale, market condition and financing (Sirmans et.

I would like to acknowledge and thank a few individuals. First, I would like to thank

Last but not the least, a big “thanks” goes to my faculty advisor, Md. Shajul Islam for taking the time to guide my efforts and to offer me with helpful hints and useful advice.

Although the housing problem is a private problem for an each household, it simultaneously is important political issue for the government if a number of households which are need of improving the housing conditions is large on a country scale. Housing is one with most important conditions for human existence (Jiboye, 2011). Owing to certain circumstances, large segments of the society which cannot resolve their housing problems are present almost in all countries. According to estimates, the significant part of world's population (32%) lives in slums and is demanding improved housing conditions (Arnott, 2008). There are three inequalities which must be considered in housing policy: inequalities of income during life-span (for example in younger and older age), inequalities of opportunities to receive the housing due to social stratification in industrial society (less skill people have lower income and less opportunity to receive a mortgage), inequalities which caused by geographical factor (this factor produces many differences in living conditions in the different regions of the country) (Donnison, 1976).

I take this opportunity to express my sincere thanks and deep gratitude to all those people who extended their whole hearted co-operation and have helped me in completing this project successfully.

The basic necessity of human beings, Housing has been a global phenomenon. With the surge of urban population or in other words, the growth of urban areas, the issue of poverty, standard of living are being most debated by social activist. Affordable housing has been an issue in many of the developing nations (with examples of slum dwellers and low income group house) and also in developed countries with the low income population

Finally, I sincerely thank to my family, and friends, who provide the advice and financial support. The product of this research paper would not be possible without all of them

Finally, I am most indebted to my thesis committee who played a major role in

Lastly, a very particular thank you is expressed to my mum for her love, support as well as

The data used for the purpose of this research for the house price determinants comprising, the house price index, affordability index, unemployment rate, interest rates and consumer price index and lucky all are available from the same online source namely, The Organisation for Economic Co-operation and Development (OECD) database, and for the same periods of time covered, although the affordability measure was retrieved from Nationwide’s online database. All the data of the house price determinants are converted to their natural logarithms form.

The domestic housing market seems to be very inelastic due to the frequent change in prices. Households see homes as important which will result in the extended demand for housing. Suppliers such as builders and property developers have experimented by increasing prices and found that even though prices have risen in a reasonable

I would also like to thank my colleagues for their kind co-operation and encouragement which helped me in the completion of this Report.