The latest UK cities house price index reveals that average prices increased +2.8% over the last year.
Annual price inflation ranges between +6.8% in Leicester to +0.2% in Cambridge. This is the first time annual price growth has been positive across all 20 cities for 3.5 years (August 2015).
The annual rate of growth in London has increased slightly to +0.4%. While market conditions remain weak, there are signs of a pick-up in demand following a 3-year repricing of London homes.
Leicester and Manchester have recorded price growth of 17% since the Brexit vote in June 2016, followed by a 16% increase in Birmingham. The latest index finds prices rising by 5% or more in seven cities led by Leicester, Manchester and Glasgow.
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