Britain’s best – and worst – spots for house price growth

Britain’s best – and worst – spots for house price growth

London has now become one of the five worst cities for house price growth whilst Birmingham shows the biggest increase, a new analysis has revealed.

Property prices in London have only increased by 2.9% during the first six months of 2017, Hometrack’s recently published UK Cities House Price Index states.

https://www.buyassociationgroup.com/en-gb/2017/07/19/connection-brexit-uks-house-prices-four-charts/

Birmingham, however, has had a strong start to 2017 as the city experienced the strongest house price growth in the country with an increase of 6.1% over the first half of the year or 7.8% over the last twelve months to June.

The rest of the country’s cop five cities for house price growth are Edinburgh at 5.5% since January 2017, Leeds at 4.8%, Manchester at 4.7% and Bristol at 4.6%.

And whilst London experienced a rather slow increase in house prices it is still the most expensive city to buy property in the UK. The capital’s drop in house price growth is mainly due to very limited affordability and any uncertainty that came with the Brexit vote.

How high house prices have a bigger effect on the population than you’d think

The UK’s 20 key cities analysed by the index shared an average house price growth of 5.0% during the first half of 2017 and of 5.1% since June last year.

 

Here’s a full overview of the Hometrack figures:

Self-certified Sophisticated Investor

Please read

I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:

I am a self-certified sophisticated investor because at least one of the following applies:

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-mainstream pooled investments.

High Net Worth Investor

Please read

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:

STAY AHEAD OF THE MARKET

Sign up for first access to new developments and exclusive property investment opportunities.

We send limited and targeted emails on new launches and exclusive deals which best fit your areas. We are trusted by over 30,000 active buyers as their source for new stock.

  • New property developments
  • Professional market reports
  • Property deal alerts
  • Development updates
Manchester property investment

FIRST FOR NEWS AND KNOWLEDGE.

Receive trending news straight to your inbox and stay up to date on all of the property market trends and advice.

Established since 2005 we are a leading voice of authority and commentary on the UK property market. Our news is trusted by Apple News & Google News.

  • UK housing market
  • Mortgage & money
  • Buy-to-let landlords
  • Guides & advice

Talk to us

Speak to our UK property experts today:

 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

 

+852 6699 9008

Open from 9am-6pm HKT