Knight Frank looks at prime capital city residential performance for each of the competing Six nations

Posted On Monday, 08 February 2016 11:53 Published by
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"With the start of the Six Nations Championship, we decided to take a timely comparative analysis of the prime capital city residential performance for each of the competing nations", Knight Frank says.

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Ireland goes into this year’s Six Nations Championship seeking victory for the third year in a row, a feat they have never previously achieved. In recent years, prime residential property prices in Dublin mirrored the success of the Irish team on the field, with Dublin topping the prime residential rankings in 2013 and 2014, with growth of 17.5% and 13.4% respectively.

Ireland just edged England and Wales last year on points difference and it is the capital cities of these two nations which also finished runner-up to Ireland in the residential rankings in 2014.

If the success of the prime performance in the preceding year has been an accurate lead indicator of performance in the Six Nations Championship, then the signs are ominous for Ireland’s Championship prospects this year, with Dublin just getting over the gain line in 2015, with prime prices growing by just 0.6%.

Instead, the omens look good for Wales, with the Welsh capital leading the pack with growth of 4% for 2015. Of the six nation teams at the World Cup, Scotland went closest to reaching the semi-finals, a comparatively strong showing which was replicated by Edinburgh who finished second in the prime residential rankings in 2015.

Championship favourites England will look to go one better than the second place they achieved last year, although the 2015 residential rankings do not add cause for optimism, with London ranking third for a second consecutive year. Italy’s fifth place standing in last year’s Championship is expected to be repeated based on the prime residential rankings for 2015, as Rome finished fifth for a second consecutive year.

The old rugby adage of not knowing what France will turn up has unfortunately been proved incorrect off the field in recent years, with Paris showing striking consistency in the prime residential market by finishing bottom of the residential table for a third year in a row in 2015. France has finished fourth in the last two Six Nation Championships and they will look to make up for lost ground on and off the field in 2016.

Source: Knight Frank

Last modified on Monday, 08 February 2016 13:07

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