Hometrack has released its UK Cities House Price index for July reporting 10 years on from the financial crisis city level house prices vary widely. Three cities have prices below the levels a decade ago and four cities have prices >50% higher than in 2008.
- The annual growth rate of UK city house price index has moderated to 4.2% in line with the average growth rate over the last two years.
- Nottingham (7.5%) and Leicester (6.6%) are currently registering the fastest growth.
- Birmingham (5.7%) and Manchester (6.1%) have dropped out of the top 3 fastest growing cities
- Annual rate of price inflation across London has slipped into negative (-0.1%) although prices are 1.2% higher ovder the last quarter
The full report can be viewed here.