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 ... 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 a decline in unemployment rates across almost all countries...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate