City house price growth is slower than a year ago according to Hometrack
July 21, 2017
The latest Hometrack UK Cities House Price Index report June 2017, released today reveals: City house price growth is slower than a year ago but average prices increased 3.5% in last 3 months.
City house price inflation expected to be 6-7% over 2017, higher than 4% projection made in December 2016. This is down to continued, robust house price growth in large regional cities.
House price growth in London has slowed to 2.6%, the lowest rate for over 5 years and the same as the annual rate of consumer price inflation.
There is material upside for house prices outside southern England. In London the rate of growth has dropped from 13% to 3% in the last 12 months.
Read the Hometrack UK Cities House Price Index report June 2017 in full click here.
You May Also Enjoy
Holiday let reforms fail to boost housing market activity in Devon and Cornwall
The latest research by LandSale has revealed that the introduction of council tax premiums on second homes, alongside wider measures designed to curb the growth of holiday lets, has yet to deliver a stronger housing market in Devon and Cornwall, where sales activity continue to lag behind the South West and England as a whole.…
Read More 
Breaking Property News 10/8/26
Daily bite-sized proptech and property news in partnership with Proptech-X. Letting agent complaints are up 47% and why everyone is misreading the property redress The competence tax has been abolished Thought leadership by Olivier Jauniaux Founder of NestLink Somewhere in a lettings office this week, a property manager is reading a six-page document about a deposit…
Read More 
Rental price and average salary tracker – July 2026
Year-on-year Rental Price Growth Moderates, Yet High Demand and Limited Supply Continue to Push Rents Higher London recorded the strongest monthly rental growth, with average rents rising from £2,385 to £2,484 (+4.2% month-on-month). As a result, the representative annual salary needed to secure the average-priced rental home increased from £70,050 to £74,520 (+6.4% year-on-year). The…
Read More 
House prices stable in July
House prices stable in July (0.0%), following a +0.2% rise in June Average property price now £299,253 compared with £299,396 in June Annual growth of +0.1% is the slowest rate of house price inflation since November 2023 Northern Ireland continues to record the UK’s strongest annual growth at +7.4% Amanda Bryden, Head of Mortgages…
Read More 
Algarve tops the list of overseas destinations by Brits this summer
New analysis from Rightmove reveals the most popular overseas destinations that potential British buyers are searching for this summer The Algarve in Portugal is the most popular destination, followed by Paphos in Cyprus and Mallorca in Spain Spain is the overall most searched for country, followed by France and Italy New analysis by Rightmove, the…
Read More 
UK Construction Sector Activity Remains Stagnant
Glenigan’s data shows construction sector performance is depressed in a tough socio-economic landscape The value of underlying (under £100 million) work starting on-site during the three months to the end of July declined 11% and fell 29% below last year’s levels. Residential construction starts fell sharply, declining 25% against the preceding three months and dropping…
Read More