The rate of house price growth has accelerated over the last six months says Hometrack

December 19, 2017

The latest Hometrack UK Cities House Price Index – November 2017 reveals UK city house price inflation increases to 6.3%, up from 4.9% a year ago.

The rate of house price growth has accelerated over the last six months with robust demand for housing in regional cities outside southern England says Hometrack.

Hometrack state: Housing market activity across Scotland has picked up over 2017 and this has resulted in Glasgow recording the highest rate of house price growth (7.9%), followed by Edinburgh (7.6%).

A year ago Hometrack predicted that UK city house price growth would be 4% as a continued recovery in regional city house prices would offset very low nominal growth in London. They expect 2018 to follow a similar pattern. As for London they expect the rate of house price inflation to remain in low single digits over the course of 2018.

City house price growth projected to be 5% in 2018 as regional cities support headline growth rate.

Read the Hometrack UK Cities House Price Index – November 2017 in full click here.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Commercial Agent Talk

Why Exterior Cleaning Matters for Commercial Buildings

First impressions are formed long before anyone walks through the front door. For commercial buildings—be it a warehouse, office, or retail space—the state of the exterior often speaks louder than signage or branding. Cleanliness, order and upkeep all play into how a business is perceived, and exterior cleaning is a fundamental part of building maintenance…
Read More →
Breaking News

Government to help SME builders

The Government has announced a package of proposals to directly help small and medium sized builders (SMEs) and they include a ‘Medium’ sized site definition to enable more proportionate planning requirements, streamlined planning for ‘Minor’ sized sites and more targeted support for access to land and finance. Richard Beresford, Chief Executive of the National Federation…
Read More →
Estate Agent Talk

Guide to deciphering property surveys

To help buyers navigate the world of property surveys, Cheke & Co has compiled a step-by-step, guide: Why do I need a property survey? Having a professional survey report is crucial to making informed decisions when purchasing a property. Our reports provide you with expert advice to: Make a reasoned and informed decision on whether…
Read More →
Breaking News

UK housing market springs back: Busiest May for home sales since the 2021 pandemic boom

Buyers and sellers have sprung into action after Easter, with the number of sales agreed in May the highest in four years Most sellers are also buyers who are seizing the opportunity to agree purchases, enticed by some attractive mortgage deals and the ability to borrow up to 20 per cent more Increased market activity…
Read More →
Breaking News

The five MOST searched mortgage questions answered by a property expert

With terms including the word ‘mortgages’ generating over half-a-million Google searches a month (595k) in the UK alone, it’s clear that many prospective homeowners are still confused about how mortgages work, what they’re eligible for, and how to navigate a challenging market. To help provide clarity, Luke Williams, Specialist Property Advisor, at Pure Property Finance,…
Read More →
Breaking News

53% of Tenants likely to challenge rent increases, but fair landlords have little to fear, says LRG report

More than half of tenants say they are likely to challenge rent increases under the incoming Renters’ Rights Bill (RRB), according to new research by LRG (Leaders Romans Group). However, the figures also show that nearly half of the tenants surveyed would not look to challenge a rent increase, a reflection, LRG says, of the…
Read More →