Hometrack believes there is potential for material upside for city house prices outside southern England.
The UK Cities House Price Index – May 2017 released today by Hometrack.
Annual rate of growth UK increases to 4.7%.
UK city house price growth is 5.1% per annum, down from 8.8% in May 2016. Half of cities have faster growth than a year ago.
While the annual rate of growth is at 5.1% yoy, the index has recorded an acceleration in growth over the last 3 months with average prices across the 20 city index up by 3.5%.
Hometrack believes there is material upside for house prices outside southern England.
Annual growth rate in London has dropped to 3.3% in the last 12 months at the lowest for 5 years, but with signs of ‘bottoming out’. Hometrack do not expect the London City index to go negative year on year in 2017.
Read the Hometrack UK Cities House Price Index – May 2017 report in full click here.
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