UK Cities (HPI) May 2016

June 29, 2016

The latest Hometrack UK Cities House Price  Index (HPI) released yesterday 28th June  reveals that Bristol has become the first city outside of the South East to see house prices rise at a faster rate than London for more than six years (January 2010).

Latest Hometrack UK Cities House Price Index saw annual prices rise by 14.1% in Bristol

Bristol marks a trend whereby large regional cities have registered the highest quarterly growth rates

Referendum expected to hit housing turnover hardest, but Hometrack also expects a rapid deceleration in house price growth across all cities in 2016H2.

Richard Donnell, Insight Director at Hometrack in his  conclusion said: “Standing back from the immediate turmoil in financial markets, the reality is that the fundamentals of the housing market remain unchanged with record low mortgage rates and a wide imbalance between supply and demand. The UK doesn’t have a problem with housing demand, the more important question is how many buyers and sellers feel confident to participate in the market in the near term.

“Market sentiment can change quickly and the sooner a clear picture emerges over the likely impact on the economy and the outlook for jobs and mortgage rates the sooner transaction volumes should stabilise and more buyers return to the market.”

To read the Hometrack UK Cities HPI May 2016 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.

You May Also Enjoy

Breaking News

Four in ten homes see asking price reduced

More than four in ten homes currently listed for sale across England have already seen their asking price reduced, according to the latest market analysis by eXp UK, with the number of reduced properties climbing by 3.6% since August. eXp UK analysed property listings across England to establish how many have undergone an asking-price reduction.…
Read More →
Breaking News

Breaking Property News 19/10/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   Last week Sourced Living began rolling out Genifea across its branches, the platform’s first commercial CRM integration. By Author Andrew Stanton CEO Proptech-PR Andrew Stanton spoke to founder Pragati Dhingra about what the Genifea platform actually does, where AI fits in an estate agency,…
Read More →
Breaking News

Mixed signals in UK construction as contract awards rise, but starts fall

Detailed planning approvals declined 16% against the preceding three months and fell 28% lower than last year, a warning sign for future work. Main contract awards dropped 19% against the last three months but climbed 25% year-on-year, a sign that major schemes are being committed. Project starts took the steepest fall, declining 26% against the…
Read More →
Estate Agent Talk

Estate Agents Brace for Rising Compliance Costs

Nearly two-thirds of compliance leaders in estate agencies and property firms expect budgets to increase amid growing pressures Just 6% expect cuts, down from 31% last year, while 63% now work weekly overtime on AML The majority of senior compliance professionals in UK property firms and estate agents expect their budgets and teams to grow…
Read More →
Breaking News

The £2m Mansion Tax, ‘Renting for Now’, and Life Under the Renters’ Rights Act

Leading estate agency Winkworth has released its Autumn Report on Prime Central London, highlighting the key trends that shaped the third quarter of 2026. The report provides exclusive analysis of how the incoming High Value Council Tax Surcharge, the so-called Mansion Tax, is already influencing pricing around the £2 million threshold, and how the market…
Read More →
Breaking News

Rightsizing Revisited: Homeowners seek £100k profits from downsizing

A new Barclays policy snapshot, Rightsizing Revisited, finds a quarter (24 per cent) of homeowners are open to downsizing However, seven in 10 (71 per cent) homeowners cite financial risks and upfront costs as barriers to making the change Homeowners say they would need to release an average of £108,516 from their property sale for…
Read More →