1. The Housing Sector, Interest Rates and Unemployment Examined
... invested heavily in residential property. In terms of further work on the global perspective, Crooks and Despeignes (2002) chart the growth of house prices in Europe, America and parts of Asia, noting increasing rates not 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 ... spread from Sydney to Stockholm. House prices have risen by 18% in the UK and in Australia by 17% over the year. Khatri (2003) analyzes real house price movements across 14 out ...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate