UK City house price inflation running at 3.9% according to Hometrack
Latest Hometrack UK Cities House Price Index report – August 2018 reveals that UK city house price inflation running at 3.9%, ranging from +7.5% in Liverpool to -3.9% in Aberdeen.
The report states: Rising house prices mean the income to buy has grown by 18% since 2015 despite lower mortgage rates. The near-term outlook for city house price growth is closely tied to changing affordability.
Hometrack analysis of income to buy indicates there is further scope for price growth in the most affordable cities, where prices are currently rising fastest.
Read the Hometrack UK Cities House Price Index report – August 2018 in full click here.