Weak house price growth in London offsets above average growth rates in large regional cities according to Hometrack

January 30, 2018

Latest UK Cities House Price Index report – December 2017 reveals: UK city house price inflation has slowed to 5.4% as weak house price growth in London offsets above average growth rates in large regional cities.

The report states: ZPG listings data shows discounts to asking prices are narrowing, indicating market conditions are improving across cities outside south eastern England. The level of discounting is increasing in London while across other cities the discount is narrowing.

Yearly City house price growth is the fastest in Edinburgh (+8.2%) followed by Birmingham, Glasgow and Manchester, prices are falling in nominal terms across three cities – Oxford, Cambridge and Aberdeen, according to Hometrack report.

Hometrack mentions that the level of discounting provides insight into the strength of underlying demand and that once discounts get close to 10%, this is when falls in headline prices start to occur.

Read the Hometrack UK Cities House Price Index report – December 2017 published 29th January 2018 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

Smaller deposits and higher LTVs mortgages drive FTB activity

Gen Z optimistic about homeownership in 2026 amid rising demand for cheaper homes, smaller deposits and higher LTVs Barclays data reveals that 22 per cent of first-time buyers purchased homes with deposits under £20,000 in December, up 8 percentage points year-on-year 44 per cent of first-time buyers opted for 85-90 per cent LTV mortgages in…
Read More →
Breaking News

Improved affordability provides boost to first-time buyers

Nationwide Housing Affordability Report Continued improvement in affordability helped support first-time buyer activity over 2025 Considerable variation in affordability remains across occupational groups, with affordability most challenging for people working in sales & customer service, but easier for those in managerial and professional roles Affordability most stretched in London and South of England, while North…
Read More →
Breaking News

UK rents fall for first time on record

Hamptons Monthly Lettings Index – December 2025 Rents end 2025 below where they started for the first timeon record. Rents in the capital return to 2023 levels as five of 11 GB regions see rents fall in 2025 Newly agreed rents dipped by 0.7% across Great Britain in 2025 – the first time rents fell…
Read More →
How to add value to your home
Breaking News

London boasts most slow-to-sell properties

The latest research from Yopa has found that while the housing market has shown signs of turning a corner since the Autumn Budget, sellers across the more inflated regions, in particular, are still struggling with slower market conditions, with almost one in five homes classed as slow-to-sell found in London. Yopa analysed current market listings…
Read More →
to let sign 2025
Breaking News

Rental availability rises 25%

Rental availability rises 25% in Q4, pointing to slower tenant movement New analysis from Inventory Base, a leading provider of inspection and compliance technology, reveals that rental availability in England increased by 25% in Q4 2025. While seasonality will have played a role, a 15.4% year-on-year rise suggests a larger-than usual build-up of available homes.…
Read More →
Estate Agent Talk

From loft insulation to lower interest rates: How energy efficiency really pays off

Homeowners could cut up to £2,000 a year from their energy bills this Energy Savers Week, by combining targeted home improvements with simple efficiency changes and, in doing so, they could improve their mortgage affordability by qualifying for a green mortgage – further boosting the savings on offer from taking a greener approach to homeownership.…
Read More →