Upward momentum in house price growth across regional cities shows no sign of slowing according to Hometrack
September 29, 2017
The latest Hometrack UK Cities House Price Index August 2017 reveals that UK city house price inflation is at 4.9%, down from 6.6% in August 2016.
City house price inflation is being sustained by above average growth in regional cities while prices in London have stabilised but are falling in real terms.
The upward momentum in house price growth across regional cities shows no sign of slowing. Manchester is the fastest growing city (7.3%).
Total value of all private homes across the 20 UK city index exceeds £3.0 trillion (£3,000bn), two thirds of which is accounted for by London.
Read the Hometrack UK Cities House Price Index August 2017 in full click here.
You May Also Enjoy
New guidance for resolving block and estate management complaints
The Property Ombudsman received 6,649 enquiries related to leasehold and investigated 1,313 cases in 2024 A total of £148,172 was awarded to consumers for disputes regarding leasehold, block and estate management last year 1,669 property managing businesses are members of The Property Ombudsman The Property Ombudsman has published new guidance to support…
Read More 
Simple upgrades you can make in 2025 to maximise rental income
By Allison Thompson, National Lettings Managing Director, Leaders We know that tenants are generally prepared to pay more to rent a home that is a step above most of what’s out there in the market. So, in addition to ensuring your property is safe and comfortable, it’s worth making an effort to offer a better…
Read More 
5 Smart Ways to Secure Your Child’s Financial Future (Without Just Relying on Savings)
Did you know raising a child in the UK costs over a quarter of a million pounds? This includes university costs, inflation, and unexpected expenses. For many families, these rising costs mean delaying purchasing a home, reducing vacations, or even sacrificing retirement savings to secure a promising future for their child. While traditional savings accounts…
Read More 
Build Your Dream: Why Alaska’s Stunning Landscape Is Perfect for Your Custom Home
The Allure of Alaska’s Natural Beauty Alaska’s breathtaking landscapes offer homeowners an unparalleled backdrop for building custom homes. From snow-capped mountains to pristine lakes and sprawling forests, the state’s natural beauty provides an idyllic setting for those seeking privacy, adventure, and tranquility. The appeal of building a custom home in Alaska lies in the opportunity…
Read More 
Barclays: Mortgage and rental spending grows as younger buyers turn attention to new builds
Mortgage and rental spending grows 2.0 per cent, but consumer confidence remains unchanged Rent and mortgage spending grew slightly year-on-year in January, up from 1.8 per cent in December Consumers’ confidence in their ability to afford rent and mortgage payments remained unchanged month-on-month at 52 per cent Those who have recently remortgaged onto higher…
Read More 
How to Generate more Estate Agency Property Leads
There is said to be over 50,000 estate / letting / auction agents across the UK, a figure that has remained relatively steady over the last few years. With over 7,000 in London alone, the industry of selling and renting property is undoubtedly well serviced with no shortage of options for consumers to chose from.…
Read More