Highest house price growth is outside of London according to Hometrack

March 24, 2017

The latest UK Cities House Price Index – February 2017 from Hometrack released today leads with: City house price growth running at 6.4%, down from 7.8% twelve months ago.

London house price growth is at its lowest level since 2013, the annual price increase in the capital is at 5.6% which is acting as a drag on headline growth, according to Hometrack. Above average rates of growth are being recorded in regional cities such as Manchester  8.8%, Portsmouth 8.1%, Bristol 8.0% and Glasgow 7.7%.

In the report they state: UK City house price inflation is running at 6.4% compared to 7.8% a year earlier and in line with the 5 year annual average of 6.5% per annum.

Levels of housing turnover across UK cities are expected to remain broadly flat over 2017 says Hometrack.

Read the Hometrack UK Cities House Price Index – February 2017 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.

You May Also Enjoy

Breaking News

First-Time Buyers Face £11,250 Tax Blow as Labour’s Stamp Duty Deadline Looms

120,000 UK homebuyers face unwanted tax bill ahead of Labour’s April stamp duty changes According to data from TwentyCi data, more than 120,000 homebuyers are at risk of unexpected stamp duty bills as they scramble to complete purchases before Labour’s planned stamp duty changes take effect on 1 April. A third of buyers who have had offers accepted…
Read More →
Breaking News

Renters’ Rights Bill Will Fail Without Proper Plan for Enforcement

Reforms to the private rented sector will fail without a proper plan to improve enforcement against rogue and criminal landlords. That’s the warning from the body representing responsible landlords as Peers prepare to debate the detail of the Renters’ Rights Bill. The Bill includes major changes which councils will need to enforce. This includes a…
Read More →
Breaking News

The Perfect Match: Zoopla reveals the most affordable places for single Brits to buy a home

  Aberdeen has been named as the most affordable city for single homebuyers with average monthly mortgage payments of £510, around 16 per cent of average salaries In England, Liverpool has been named the most affordable city for single Brits with average mortgage payments accounting for 18 per cent of monthly salaries Affordability for singletons…
Read More →
Home and Living

Laundry Room Essentials Every Home Needs

A well-equipped laundry room is key to maintaining a smooth and efficient household. Whether you have a spacious utility area or a compact corner dedicated to washing and drying, having the right essentials can make all the difference. From practical appliances to useful accessories, here are the must-have items every home needs in its laundry…
Read More →
Estate Agent Talk

First-time buyers now face £33k in upfront costs

First-time buyers now face an average upfront cost of just under £33,000 to purchase a home—a rise of more than £1,000 (3%) compared to 2024. But why is buying a home so expensive? How can first-time buyers reduce these initial costs? To help, Compare My Move has released a detailed report on the cost of…
Read More →
Estate Agent Talk

Essential Car Tips for Estate Agents Spending Long Days on the Road

As an estate agent in the UK, you are likely to spend extended periods of time on the road, travelling between properties and meeting clients in various locations. Considering the magnitude of your driving responsibilities, following a few vital car tips can considerably make your job easier and safer, whilst also saving you money in…
Read More →