The UK house prices is a common factor in determining the overall health of a country’s economy. This is because it is tied to purchasing power as well as to other major industries such as construction, appliances, and even luxury items.

During the last financial crisis, UK house prices tripled. This was because the banks were able to create money every time they gave out a loan. So, while housing prices tripled, the banks saw their cash on hand quadruple as a result of increased mortgage lending.

This lending was a major driver of the massive increase in house prices. In understanding this economic activity, we get insight into areas of the country and household affordability of business services. The correlation in big datasets is easier to see when you have these activities aligned on the same timeline. The prospective business activity can be prospered or diminished depending on what is happening in the housing market.

DataEco provides access to over 22 million UK house sales, classifying it by location and then finding correlation between these house sales and certain business and social datasets.

We also provide insight to historical and current views of the housing markets, allowing companies to make safer and more forward-thinking decisions when basing their funding on the economy.