I Listen to part 1 of a lecture on real estate bubbles and fill in the table.

 

 

Markets in general

 

Definition of market

 

Market participants

 

Prices

 

Factors affecting demand

 

Real estate market

 

Market participants

 

Unique characteristics of real estate market

 

Factors determining demand

 

Factors determining supply

 

Reasons for fast growth in this market

 

 

II Listen to part 2 of the lecture and answer the questions.

 

 

1.    Which examples of bubbles are mentioned in the lecture?

2.    What reasons are given for the occurrence of the US subprime bubble?

3.    What caused the Spanish real estate bubble?

4.    In what aspects is the Spanish real estate bubble similar to the US bubble and how do they differ?

5.    What do you think is the most important point the lecturer wants to make?