Most EU housing markets hit double-digit growth in 2003

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Housing markets in the UK, Spain, France and Ireland saw double-digit growth in 2003, but none are expected to maintain such high rates of inflation during 2004, suggests the RICS European housing survey.

A study of last year’s house price increases across Europe reveals house prices in Belgium, Finland, Germany, Holland and Sweden all saw the same increases as the previous year. Residential properties in Demark, Greece and Switzerland saw lower increases in the value of homes, as Greece saw its property prices increase by just 3% compared with 15% the previous year. Although there are no figures available to indicate the average house price in different countries, evidence of the two-tier housing market at least suggests European countries are unlikely to provoke a property market cra...

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