Hometrack believes there is potential for material upside for city house prices outside southern England.

June 23, 2017

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.

 

 

 

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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