Suggestions that the European house price boom is over are a “bit over the top”, according to an industry expert.

In reaction to Royal Institution of Chartered Surveyors (Rics) research that said slowing house prices across Europe meant it was the end of an era of substantial growth, Association of International Property Professionals (AIPP) chief executive Paul Owen indicated this was too negative a theory.

“It is a bit apocalyptic to talk about the boom being over because prices have slowed,” he commented.

There are still people out there who would like to buy overseas property, it is just a case of them waiting to see what is going to happen to the economy in the coming months, he added.

Mr Owen also highlighted emigration statistics, saying that there are still a high number of Britons looking to leave the UK on a full-time basis.

AIPP is the industry body for the world’s property sector.

Tags: , overseas property