City house price growth is slower than a year ago according to Hometrack
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.