1. The Housing Sector, Interest Rates and Unemployment Examined
... unemployment rates across almost all countries except Greece. The largest 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 EU since 1997. Interest rates are an important factor in driving house price performance; however, Khatri (2003) notes that differences in mortgage market structures mean that for ... some countries, short-term interest rates play a greater role in housing demand than long-term rates. Nevertheless, despite the prevalence of dif...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate