1. The Housing Sector, Interest Rates and Unemployment Examined
... seen since the 1980s. In Europe, the gains have been particularly strong in countries that have experienced a sharp fall in interest rates as a result of joining the euro; for example, Spain with growth of 18% and Ireland 8%. However, house prices have not been strong everywhere. In Germany, Japan and Hong ... EU) nations over the five year 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. Over the same period, there has been...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate