The US Ryder Cup team would trounce team Europe in terms of house price rankings, according to new research from Knight Frank.
The agent has calculated that since the Ryder Cup in 2012, the 12 US states have seen house prices rise on average by 16.1%, compared with team Europe’s average of 4.8%.
Kate Everett-Allen, partner, international Research at Knight Frank, said: “As we count down to 07.35hrs BST tomorrow when the Ryder Cup tees off, we thought we’d take a look at which team comes out on top in terms of house price growth.”
However, prices in the resurgent California market are still 25.9% below their pre-crisis peak in the first quarter of 2006.
Everett-Allen added: “Both the US and European housing markets were left reeling from the credit crunch and sub-prime crisis in 2007/8, but the US and parts of Europe have rallied since – but which is on top of the points table?”
The rate of price growth slowed in the US as a whole in the second quarter of 2014, with annual price growth of 6.2% recorded in the year to June 2014, compared with 10.3% in the year to March.
Meanwhile, according to Christian de Meillac, who heads Knight Frank’s sales team in Spain and Portugal, demand for golf properties is enjoying an upswing.
He said: “The primary interest still comes from the UK – those who are seeking the best courses in the sunshine. We have seen growing interest from France, Scandinavia and the US.”
