1. The Housing Sector, Interest Rates and Unemployment Examined
... house price indicators in early 2003. Over the past five years, 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 ... 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 ...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate