With just 9 days to go before the European Football Championships kick-off in France, new research reveals England will be semi-finalists – if the outcome of the tournament was decided on each competing nation’s property market.
International house price data shows residential property values in England jumped 26.8% over the five years to Q1 2016, taking the average price per square foot to £300.
This impressive rise is, however, eclipsed by Turkey, Iceland and Austria.
Turkish property values have grown by 91.3% over the past five years, but homes in the country are worth just £46 per sq ft.
The value of homes in Iceland has risen 42.1% to £139 per sq ft, while Austrian properties are up 27.6% to £221 per sq ft.
Two of the world’s greatest footballing nations are near the foot of the Euro 2016 property table. Spain is in 15th place with a 29.5% fall to £124 per sq ft, while Italy is ranked 13th with a 14% fall in house prices to £180 per sq ft.
What about Germany? At 17.8% growth to £187 per sq ft, the Germans are sixth ahead of tenth-placed Wales (7% growth to £149 per sq ft), host nation France in 13th place (1.1% fall to £265 per sq ft) and Northern Ireland in 14th position (1.2% fall to £130 per sq ft).
Land Registry data shows property values in Battersea and Brixton are continuing to rise.
According to the latest House Price Index, the value of residential property in Wandsworth jumped 8.6% in the year to March 2016 to take the average value of a home in the borough to £633,121.
Meanwhile, homes in Lambeth have risen 11.4% over the same period to hit an average value of £608, 415.
How much is your home worth? Contact Eden Harper for an up to date assessment of its rental and sales value.
Source: The Telegraph
The comparative health of our property market will not, however, help England win Euro 2016 and end our 50-year wait for silverware. That will be decided on the football pitch. Here at Eden Harper we’ll be getting behind England hoping Roy Hodgson’s team not only gets to the final in Paris on 10 July but wins it.
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