Discounts have stabilised in London and the adjacent commuter areas according to Hometrack

July 25, 2018

Latest Hometrack UK Cities House Price Index report – June 2018 published today reveals UK city house price inflation 4.6% year on year ranging from +7.6% to -2.8%.

Manchester is registering the highest annual growth rate (7.4%), followed by Liverpool (7.2%), Birmingham (6.8%) and Leicester (6.5%) according to Hometrack.

The report states: 3-month growth rate in London increases as sellers become more realistic on pricing. The discounts from asking prices in London are narrowing which is a positive for sales volumes.

According to Hometrack over the first half of 2018 the level of discounting to achieve a sale has started to narrow in inner London to 6.7%. Discounts have stabilised in outer London and the adjacent commuter areas. This is consistent with less downward pressure on prices.

Read the Latest Hometrack UK Cities House Price Index report – June 2018 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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