1. The Housing Sector, Interest Rates and Unemployment Examined
... rates of 8%-12% in Australia, UK, Ireland, the Netherlands and Spain. In these six economies, the ratio of house prices to average earnings is at record levels and much higher than the average level over the period 1975 to 2002. The Economist concludes that house prices continued to climb despite a stock market crash, global economic slowdown and the Iraq war, and have ... period 1997-2002 in relation to variations in unemployment, real interest rates and real compensation of employees. Across Europe as a whole, real house prices have been rising at an annual average rate of 13.7% pa. O...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate