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Thursday, March 4, 2010

Mixed picture for European home prices


Five countries, including the UK, witnessed house price rises in 2009 - led by a 12% raise in Norway, the Rics European Housing Review found.
The biggest falls were in the Baltic states, where house prices dropped by between 27% and 53%.
Low interest rates helped to maintain a recovery in many countries.
Finland, Sweden and Austria - as well as the UK and Norway - recorded home price rises in 2009.
In Germany, Italy, the Netherlands and France, the fall in property values ranged between 4% and 6% in 2009.
Prices fell the most in Latvia, Lithuania, Estonia, Hungary and Ireland in 2009.
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