Taylor Scott International News
With the European Championship football tournament underway new research shows which countries have done best in terms of house prices since the last cup four years ago. The price of mainstream homes have increases in more than 74% of the countries competing in the tournament, according to the study from international real estate agent Knight Frank. Turkey topped the rankings with an increase of 65.6%, followed by the Republic of Ireland with price growth of 34.3% and Sweden up 32%. In fourth place is Iceland with house prices up by 30.6%, followed closely by England where prices are up 29.7%, Germany up 19.7%, Austria up 16.5%, Northern Ireland up by 15.6% and Russia up 15.2%. Next is Wales with price growth of 14.1% in the last four years, Switzerland up 10.3%, the Czech Republic up 8.2%, Hungary up 8.1%, Belgium up 4%, Poland up by 1.8%, Portugal up by 1.4% and Slovakia up by 0.9%. The country with the worst ranking is Ukraine where house prices have fallen by 22.6% but this is not surprising considering the unrest in recent years. Second from bottom is Italy where prices are down 13.1% and then Croatia where prices have fallen by 9% since the last tournament in 2012. In Romania prices are down 0.5%, France down 5.7%, Spain down 7.2%. Kate Everett-Allen, head of international residential research at Knight Frank, pointed out that the divergent performance of northern and southern Europe is evident. ‘The Nordic countries along with Ireland, England and Germany have seen prices accelerate while prices in most of the southern European economies still sit below their level in 2012,’ she said. Taylor Scott International
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