The UK housing market was buoyed by a sound economy, RICS says
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House prices in the UK rose at a faster pace during 2006 than in other major European economies such as France, Germany or Italy, a survey has said.
The Royal Institution of Chartered Surveyors' European Housing review found UK prices rose by about 10% last year, helped by a sound economy.
This compared with a 7% rise in France, 4% in Italy and no growth in Germany.
However, growth in the UK was not as high as in some Scandinavian countries and Central and Eastern Europe.
House prices grew by 22% in Denmark, 17% in Norway and 11% in Sweden.
Further east, Poland saw house price inflation in excess of 30%, while property values in Bulgaria and Estonia grew by close to 20%.
The report's author Professor Michael Ball said that in the UK and other high-value housing markets such as Ireland and Spain, sound economic fundamentals had prevented price falls.
"Fears of a considerable house price slowdown in what are considered as over-heated markets of the UK, Spain and Ireland, once again proved to be quite off the mark," he said.
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