AS Paper 2, June 2025The UK Economy – Performance and Policies

AS Paper 2, June 2025, Q2(b)

Explain one likely impact of the fall in average UK house prices on existing homeowners between January 2023 and March 2023. Refer to the table on page 4 in your answer.

Short answerExplain3 marks

Context

The table shows average UK house prices: January 2023 £286 321, February 2023 £284 152, March 2023 £281 555.

Specification topics

Consumption (C)

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