1. The Housing Sector, Interest Rates and Unemployment Examined
... and Hong Kong, prices have been stagnant or falling and the hot spots are widely spread from Sydney to Stockholm. House prices have risen by 18% in the UK and in Australia by 17% over the year. Khatri (2003) analyzes real house price movements across 14 out of the 15 European Union (EU) nations over the five year period 1997-2002 in relation to variations in ... rises in house prices. A similar relationship is found in terms of employee compensation, with Ireland and the UK the EU since 1997. Interest rates are an important factor in driving house price performance; however, Khatri (200...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate