Hometrack has released its UK Cities House Price Index for December 2017 showing that city house price inflation has slowed to 5.4%.
The report reveals that weak price growth in London (+1.8%) is offsetting continued robust growth in large cities with Edinburgh, Birmingham, Glasgow and Manchester all registering growth of over 7% per annum.
Discounts from asking to sales prices are also an important measure of demand and the level of discounting is increasing across London while across other large cities the discount is narrowing.
House prices are also falling in nominal terms across three cities – Oxford, Cambridge and Aberdeen as a result of weakening demand, affordability and economic factors.
The full report is available to download here.