Thursday, 1 March 2012

RICS: UK property market 'one of worst in Europe' while prices in France and Germany rise | This is Money

RICS: UK property market 'one of worst in Europe' while prices in France and Germany rise | This is Money

House prices in the UK have taken the biggest real hit since the peak of the boom among a dozen major European property markets, thanks to our persistently high inflation, according to a new report.

A third has been wiped off the real value of the average UK home since the peak of the market in 2007, once inflation is taken into account, according to the Royal Institution of Chartered Surveyors (RICS) European Housing Review.

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