With the fifth anniversary of Lehman Brothers’ collapse approaching on September 15th our infographic examines how Europe’s housing markets have fared, calculating each market’s average price change from Q3 2008 to date.
The impact of the ensuing crisis on central and eastern European markets, and Spain, and Ireland in particular stand out. While the resilience of Austria, Germany, Switzerland, and with the exception of Denmark the Scandinavian markets is also notable.
Click the image to enlarge.
We have also tracked the performance of different asset classes since the bank collapsed. This includes property, farmland, gold and the FTSE 100.
Despite a recent fall in gold prices, the precious metal has increased in value by 76% over the past five years.
Prime central London property, as tracked by the Knight Frank Prime Central London index, has increased by 35% over the same period, just ahead of the FTSE 100 (32%) and Farmland (30%). UK house prices are just 5% higher than they were five years ago.