1. The Housing Sector, Interest Rates and Unemployment Examined
... 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 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 employee compensation, with Ireland and ... the UK the EU since 1997. Interest rates are an important factor in driving house price performance; however, Khatri ( ... by Thorsnes (2002) indicated that proximity to forest areas resulted in reside...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate