Read and analyse the article Coastal-City Residential Property Market (see Attachment 1) and answer the following questions: 1. Using both narrative (words) and a supply / demand diagram(s), identify and explain the major reason(s) why this city’s house prices keep rising at such a fast rate. 2. Both from the information stated in the article (Attachment 1), and from your own research, suggest some supply-side remedies which might lead to a reduction in house prices in this city (or will help reduce the rate of increase) in the future. 3. Both from the information stated in the article (Attachment 1), and from your own research, suggest some demand-side remedies which might lead to a reduction in house prices in this city (or will help reduce the rate of increase) in the future. Students are to include information from their own research (including referencing at least two journal articles) in their response to this question.
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