Northern Ireland house prise rise greatest in Europe
A fresh review from The Royal Institute of Chartered Surveyors European Housing has shown that house prices in Northern Ireland have risen more than anywhere else in Europe.
The cost of property increased by an average 36% in 2006, more than three times the figure for the UK as a whole.
The survey found that of the big four markets - the UK, France, Germany and Italy - only the UK outstripped its 2005 performance. According to RICS Northern Ireland spokesman Tom McClelland, "The UK market as a whole performed well, with growth of around 10%, but it was Northern Ireland at 36% that was the real powerhouse of Europe as our relatively buoyant economic conditions, a strong investor market and a significant shortage in housing supply pushed prices up very significantly".
France recorded a price drop of 7% and Italy was down 4%, and the German market remains stagnant.
The cost of property increased by an average 36% in 2006, more than three times the figure for the UK as a whole.
The survey found that of the big four markets - the UK, France, Germany and Italy - only the UK outstripped its 2005 performance. According to RICS Northern Ireland spokesman Tom McClelland, "The UK market as a whole performed well, with growth of around 10%, but it was Northern Ireland at 36% that was the real powerhouse of Europe as our relatively buoyant economic conditions, a strong investor market and a significant shortage in housing supply pushed prices up very significantly".
France recorded a price drop of 7% and Italy was down 4%, and the German market remains stagnant.
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10:06 AM
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