October UK Cities HPI from Hometrack.

According to Hometrack UK Cities House Price Index (HPI) for October,  city level house price inflation is running at 9.4% per annum and is set to reach 10% by year end.

Hometrack’s UK Cities Index records annual house price growth of 9.4%,  faster than the 7.1% UK wide growth rate. City level house price inflation looks set to reach 10% by the year end. Large regional cities outside southern England are recording an acceleration in growth off a low base. Glasgow, Manchester and Liverpool are registering the highest rates of annual house price growth since 2007.

The tentative recovery in large regional cities contrasts strongly with the rise of London house prices where average prices are up by 70% since 2009 (and by over 100% in the highest value markets),  It is these high value markets that are now recording some of the weakest levels of house price growth.

Full report on Hometrck website. https://www.hometrack.com/uk/insight/uk-cities-house-price-index/october-2015-cities-index/

 

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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