The rate of house price growth has accelerated over the last six months says Hometrack
The latest Hometrack UK Cities House Price Index – November 2017 reveals UK city house price inflation increases to 6.3%, up from 4.9% a year ago.
The rate of house price growth has accelerated over the last six months with robust demand for housing in regional cities outside southern England says Hometrack.
Hometrack state: Housing market activity across Scotland has picked up over 2017 and this has resulted in Glasgow recording the highest rate of house price growth (7.9%), followed by Edinburgh (7.6%).
A year ago Hometrack predicted that UK city house price growth would be 4% as a continued recovery in regional city house prices would offset very low nominal growth in London. They expect 2018 to follow a similar pattern. As for London they expect the rate of house price inflation to remain in low single digits over the course of 2018.
City house price growth projected to be 5% in 2018 as regional cities support headline growth rate.
Read the Hometrack UK Cities House Price Index – November 2017 in full click here.