City house price inflation down from a year ago according to Hometrack
The Hometrack UK Cities House Price Index – September 2017 report released today reveals: City house price inflation is running at 4.9% per annum down from 6% a year ago. Quarterly growth rate at a 14-month high supported by increased sales volumes.
It states: The annual rate of price inflation in London has stabilised at 2.3% per annum. This is well down on the 8% annual average growth rate since 2010.
The report mentions that a modest increase in mortgage rates will initially impact sentiment and levels of market activity.
Scottish cities are out-performing on rising sales, while most cities are registering house price growth below that a year ago, there are six cities where the annual rate of growth is higher, most notably in Scotland according to the report.
Read the Hometrack UK Cities House Price Index – September 2017 report in full click here.