Hometrack Cities HPI March
April 25, 2016
The Hometrack Cities House Price Index for March 2016 released at the end of last week reported that City level house prices at highest quarterly growth for 12 years.
City house price growth in 2016Q1 was 4.2%, the highest for 12 years as the seasonal upturn in demand was boosted by investors rushing to beat the stamp duty deadline.
Touher lending criteria and tax changes are likely to push investors into higher yielding, lower priced markets. Liverpool recorded the fastest increase in 2016Q1 as prices rise off a low base.
City level house price growth is expected to moderate in 2016Q2 with a market slowdown in higher value, lower yielding cities over the remainder of 2016.
To read the full report on Hometrack website click here
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