1. The Housing Sector, Interest Rates and Unemployment Examined
... real house prices have increased at average annual rates of 8%-12% in Australia, UK, Ireland, the Netherlands and Spain. In these six economies, the ratio of house prices to average earnings is at record levels and much higher than the average level over the period 1975 to 2002. The Economist concludes that house prices continued to climb despite a stock market crash, global economic slowdown and ... 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 ...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate