UK Top 5 Country For Property Price Increases

Research by the 2010 RICS European Housing Review has ranked the UK property market as being amongst one of the top 5 countries in Europe to experience property price growths during 2009…

Signs of property market recovery can be traced back to as early as Spring/Summer of 2009 where property sales and housing prices began to increase significantly.

However, it appears that such property investment successes have been apparent across the entire breadth of Europe too.

Of the European property markets to have experienced growths, the RICS European Housing Review has revealed that:

• Norway led the way with property price increases of 12%, followed by
• Finland which grew in value by 8%
• Sweden which grew in value by 7%
• UK which grew by 1% during 2009 overall - although it did rise by an impressive 10% from its lowest point in April

Much of the property markets revival can easily to be contributed to the impact low interest rates and affordable property investments have had on the growing economy. Even in countries such as Germany, Italy, the Netherlands and France, the damage of the recession has been minimal with falls of only 4%-6%.

Yet despite the growing strengths of the UK property market, there are still countries which are vulnerable to their economy. The worst hit locations include Ireland, Spain, Greece, most of central and eastern Europe and the Baltic States which witnessed property price declines of 27% to 53% during 2009. Until they begin the re-stabilise, their vulnerability will continue to influence the countries surrounding them…

In addition, until the government can launch a set of initiatives to quicken property development and new builds across the UK, property shortages too will also continue to influence the progression of the property market.

Original Article

More About the Author

Peter Franklin, Property Mentor Delegate

I used to believe stocks and shares were the only way forward, yet after 15 years of property investing, neither of these can compare with the sheer velocity or impact that property investment can have on your bank account. Only with property can you truly experience the power of being in control of immediate cash flow AND capital appreciation. Stocks and shares simply cannot compete. Read more