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
Renters’ Rights Bill parliamentary progress
The Renters’ Rights Bill has completed its Committee Stage in the House of Lords and will move on to the Report Stage imminently. Allison Thompson, National Lettings Managing Director of LRG, comments on the progress of the Bill: “As the Renters’ Rights Bill completes its committee stage in the House of Lords, it is disappointing…
Read More 
Housing Market Surges as Stamp Duty Changes Drive Buyer Activity
UK Finance today releases its latest Household Finance Review for Q1 2025, which explores trends in household spending, saving, and borrowing. Mortgage lending surged in the first quarter of 2025, driven by homebuyers seeking to complete purchases before changes to Stamp Duty took effect in April. Household savings continued to grow, particularly in notice accounts…
Read More 
Mortgage Approvals Down in April
The latest figures show that: – Mortgage approvals on house purchases for April sat at 60,463 down (-4.9%) from 63,603 in March. This signals four consecutive months of decline. Approvals are also lower (-2.1%) than the 61,740 seen in April 2024. Despite the decline, there is still optimism for growth in the coming months, especially…
Read More 
Build to rent completions up, but sector has seen slowdown in construction
New research by Inventory Base reveals that the number of build to rent completions has increased by almost 16% in the past year, however, there has been a significant dip in the number of BTR buildings currently under construction. Inventory Base has analysed UK build to rent (BTR) construction planning data* and found that in…
Read More 
Response to latest Nationwide House Price Index
Comment on latest Nationwide data showing a 3.5% increase in house prices from the Industry. Nathan Emerson, CEO at Propertymark: “It is reassuring to witness consistent house price growth and a strong appetite as people continue to approach the homebuying and selling process, especially when the UK economy continues to adapt to both domestic and…
Read More 
Annual house price growth edged higher in May
Annual rate of house price growth increased marginally in May to 3.5%, compared to 3.4% in April House prices were up 0.5% month on month House prices in predominantly rural areas have risen by 23% over the last five years, compared to 18% in more urban areas Commenting on the figures, Robert Gardner, Nationwide’s Chief…
Read More