1. The Housing Sector, Interest Rates and Unemployment Examined
... in 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 ... from 15% to a maximum of 89% as stated in the Bond, Seiler and Seiler (2002) study. All these studies have also confirmed that the actual amount of any premium for a vi...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate