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    1980s and before the UK economy was more subject to fluctuations in the economic cycle and inflation. As inflation
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    1. Increase in the number of households. The population of the UK has risen relatively slowly. But the number of households has increased at a much faster rate. This is because

    a) Increase in life expectancy meaning there are more old people living alone.
    b) Increase in divorce rates, leading to more single people
    c) Change in social trends causing young people to wish to move out of home earlier.

    2. Lower long-term interest rates. In the 1980s and before the UK economy was more subject to fluctuations in the economic cycle and inflation. As inflation

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    seholds has increased at a much faster rate. This is because

    a) Increase in life expectancy meaning there are more old people living alone.
    b) Increase in divorce rates, leading to more single people
    c) Change in social trends causing young people to wish to move out of home earlier.

    2. Lower long-term interest rates. In the 1980s and before the UK economy was more subject to fluctuations in the economic cycle and inflation. As inflation

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    more old people living alone.
    b) Increase in divorce rates, leading to more single people
    c) Change in social trends causing young people to wish to move out of home earlier.

    2. Lower long-term interest rates. In the 1980s and before the UK economy was more subject to fluctuations in the economic cycle and inflation. As inflation

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    ial trends causing young people to wish to move out of home earlier.

    2. Lower long-term interest rates. In the 1980s and before the UK economy was more subject to fluctuations in the economic cycle and inflation. As inflation

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    1980s and before the UK economy was more subject to fluctuations in the economic cycle and inflation. As inflation increased to 10 or 20% interest rates would rise leading to mortgage payments becoming more expensive and discouraging people from borrowing. Interest rates are not only lower now but also more stable. This has made paying a mortgage more attractive.

    3. Increase in price of renting. Although house prices have risen the cost of renting has similarly increased, making the alternative to buying a house less attractive.

    4. Increased competition amongst

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