1. The Housing Sector, Interest Rates and Unemployment Examined
... by poor stock market performance have invested heavily in residential property. In terms of further work on the global perspective, Crooks and Despeignes (2002) chart the growth of house prices in Europe, America and parts of Asia, noting increasing rates not seen since the 1980s. In Europe, the gains have been particularly strong in countries that have experienced a sharp fall in interest rates ... falls are recorded in Ireland and Spain, the countries with the highest rises in house prices. A similar relationship is found in terms of employee compensation, with Ireland and the UK the ...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate