Highest house price growth is outside of London according to Hometrack

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.

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