1. The Housing Sector, Interest Rates and Unemployment Examined
... 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 the Iraq war, and have fueled the belief that they can only ... period, there has been a decline 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 pri...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate