London’s property market takes the lead as the Guinness Six Nations kicks off
With the 22nd series of the much-anticipated Six Nations fast approaching, we look at how the property market in each host city has performed in recent years.
1 minute to read
Not only did England claim victory in 2020 but London’s mainstream market led the annual house price rankings, with average prices up 9.6% year-on-year according to the Land Registry.
Paris comes next with prices up 6.1% in 2020, followed by Cardiff (4.8%) and Edinburgh (3.1%).
Five-year performance
Analysis over five years puts Edinburgh on top, with prices up 23% due to an imbalance between demand and supply. The city’s good quality of life, high ranking education facilities and an expanding TMT sector is putting it on the radar of a more mobile global workforce.
Dublin is next with prices up 22% on average in the last five years. Although average prices in the Irish capital have rebounded 93% since their low in 2012, they remain 22% below their pre-financial crisis peak in 2007.
Paris and Cardiff are almost level-pegging with growth of 20.9% and 20.2% respectively over the five-year period. Paris prices are supported by a lack of new supply whilst Cardiff has seen significant regeneration and investment.
Kate Everett-Allen, Head of International Residential Research, comments: “In 2020, the pandemic supercharged some European city markets as buyers looked for larger family homes with outdoor space whilst others are at a weaker stage of their property market cycle, hampered by slow economic growth (Rome) as well as a lack of supply and affordability concerns (Dublin).”
Defending champions England are the favourites to win this year’s Six Nations which kicks off on Saturday 6th February, view the full list of fixtures.