Britain came fifth in the Euro-league in 2009, according to Rics as reported by The Guardian:
Norway topped the table with values up almost 12% last year, followed by Finland (8%) and Sweden (7%). The latter is expected to see continued buoyancy as a result of attractive borrowing costs and temporary tax breaks.
Britain came fifth, according to Rics, with prices rising by 1% in 2009 overall, and by 10% from their low point in April.
Anecdotally much of this support is coming from foreign buyers in London. Certainly my friends in the provinces aren’t seeing strong rises.
Meanwhile, if you want a bargain go to bongo-bongo land the Balkans:
[In Latvia] prices plunged 53% last year following a near-30% fall in 2008. The two other Baltic states, Estonia and Lithuania, saw property values fall by 30% and 27% respectively last year. All three have been particularly badly hit by the global crisis.
(Source: RICS/The Guardian)
