June UK Cities House Price Index shows inflation +4.6% in the last 12 months

Hometrack has released its UK Cities House Price index for June 2018 showing that city house price inflation + 4.6% in the 12 months up to June. Average house prices increased by 4.4% over 2018H1, compared to 0.2% in 2017H2 as prices start to grow again in London.

Manchester registered the highest annual growth rate (7.4%) followed by Liverpool (7.2%), Birmingham (6.8%) and Leicester (6.5%).

Six cities saw house prices fall in real terms – Southampton, Oxford, Belfast, London, Cambridge and Aberdeen.

London’s annual growth rate is 0.7%, there is also an increase in growth over the last three months, this confirms a trend that more postcodes in London are registering monthly price rises rather than  falls.

The full report can be viewed here