Central London House Price Drop Is Temporary, Northacre CEO Says

Central London House Price Drop Is Temporary, Northacre CEO Says

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the London property market, highlighting the impact of lockdowns and Brexit on house prices and buyer profiles. It explores challenges in selling properties due to travel restrictions and the resilience of the market. The pandemic has increased the focus on home importance, and despite short-term trends of moving to greener areas, urbanization is expected to continue. The video concludes with a positive outlook for the central London property market.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has been the trend in house prices in the City of Westminster over the past year?

Prices have increased by 10%

Prices have decreased by 37%

Prices have remained stable

Prices have increased by 37%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main challenges faced by the luxury property market in London?

Decreasing demand for luxury goods

Lack of interest from local buyers

Travel restrictions affecting foreign buyers

High competition from other cities

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How has the secondary market in areas like Chelsea and Westminster performed recently?

It has shown resilience with price increases

It has seen a decline in prices

It has remained stable

It has been unaffected by market changes

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has the pandemic highlighted about people's preferences for homes?

Homes are less important than other luxury goods

There is a decreased focus on home spaces

People prefer smaller living spaces

Homes have become a central focus of desires

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected trend for urbanization according to the speaker?

Urbanization will remain unchanged

People will permanently move to the countryside

Urbanization will decline permanently

Urbanization will continue after a short-term blip