Flexible tenure call

MOST OF EUROPE saw house prices running well ahead of inflation last year and there are few signs of a slowdown this year, according to the European Housing Review 2007.

Germany and Portugal were the only major markets to see house price stagnation. The rate of increase fell back in France and Spain but the UK, Norway, Ireland and Greece all saw prices accelerate again in 2006. Prices also rose rapidly in several of the new EU member states, particularly in Poland.

The review, published by the Royal Institution of Chartered Surveyors, includes full country by country details.