Halifax: UK house market second strongest in Europe
www.moneynews.co.uk > Housing market > Halifax: UK house market second strongest in Europe
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Money News |
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Halifax: UK house market second strongest in Europe
Fri 31st Aug 2007
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According to figures from Halifax and the European Central Bank, house prices have grown by 90 per cent in the UK over the past five years. The only country in the eurozone to boast a higher rate is Spain, where values have doubled.
The UK also outperformed Australia, Canada and the US; however, the average price of a home was lower in the UK than in Ireland and the Netherlands.
Additionally, Tim Crawford, Halifax group economist added a note of caution, saying: "House price growth, however, has slowed in the past couple of years compared with the likes of Belgium and France recording bigger increases."
In its latest House Price Index, Halifax identified eight Northern Irish towns as the fastest growing in terms of UK house prices.
Related News : Housing market |
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Related News : Halifax |
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