Landlord Basics

UK Ranks Top 5 For Property Price Increases

According to research by the 2010 RICS European Housing Review, the UK property market has officially ranked as one of the top 5 countries across the whole of Europe to experience property price increases during 2009…

As far back as early Spring last year, signs of property market recovery could be noted as property sales rose and housing prices began to enter into a boom.

Yet, it seems that the UK was not alone in experiencing property investment successes, as the rest of Europe also appears to have followed suit.

Of the European countries to have benefited from property price growths, the RICS European Housing Review has reported that:

• Norway came first experiencing property price increases of 12%, closely followed by,
• Finland which witnessed property value growths of 8%
• Sweden which witnessed property value growths of 7%
• UK which grew by a total of 1% during the whole of 2009 – although it has increased by 10% from its lowest point in April

Low interest rates and affordable property investments appear to have been key in helping the economy to grow. Even in Germany, Italy, the Netherlands and France, the full impact of the recession has been small compared to elsewhere, where they appear to have only fallen by 4%-6%.

However, despite increased confidence in the UK property market, there are still countries across Europe who are feeling the brunt of the economic crisis. The worst hit locations include Ireland, Spain, Greece, most of central and eastern Europe and the Baltic States which have experienced property price falls of 27%-53% over 2009. 

And unless they stabilise soon, their vulnerability will continue to impact upon their surrounding countries…

In addition, until the government takes action to implement more property developments across the UK, the escalating property shortage will also continue to impact upon the progression of the UK property market.

Related posts:

1. Top Ten Property Price Gains – REVEALED!
2. Prime London Locations Break Property Price Records
3. Property Prices Rise By 0.2%
4. London Commercial Property Ranks #1
5. London Property Now 10% Off Their Peak 2008 Prices

Tags: property developments, property investment, property investor, property market, property prices

This entry was posted on Friday, March 5th, 2010 at 8:10 am and is filed under News, property prices. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.