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.

 

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.

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