January’s Hometrack report shows 13 cities are registering weaker growth than a year ago
UK city house prices rose 2.9% over the 12 months to January 2019. Prices are rising fastest in Leicester (6.0%) followed by Belfast (5.8%) and Manchester (5.4%). Prices continue to fall in Aberdeen (-1.6%), London house price inflation is virtually flat at +0.2%.
Thirteen cities are registering weaker growth than a year ago as a result of affordability pressures and increased uncertainty. The sharpest slowdown in the rate of growth has been registered in Edinburgh (3.0%) , Bournemouth (2.3%), Portsmouth (1.8%) and Bristol (1.8%).
The weakest housing markets have the longest sales periods and the largest discounts – currently Aberdeen and Inner London where discounts to asking price average 7% and the time to sell is 16 weeks. Nottingham has the strongest market indicators with an average asking price discount of just 2% and less than 8 weeks to achieve a sale. House price growth is holding steady at 4.6%.
To read full report click here.
Share
News & Insights
Read the latest housing sector news, blogs, and commentary from ARK.
What Does Good Governance Look – and Feel – Like in Social Housing Today?
By Léann Hearne ·The landscape for housing providers has shifted dramatically. We can all see, hear and feel it. Boards and executives are navigating …
Retrofit and Quality: Are We Running the Wrong Race?
By Luke Beard ·There has been a lot of noise across the sector following the recent National Audit Office (NAO) report on retrofit …
The ARK Annual Review | 2024-25
By John Paterson ·Ed Miliband announced further details of the Labour Government’s Warm Homes Plan. Key changes include rebranding the SHDF to the …
Subscribe to our newsletters for the latest industry insights
Our newsletters and reports will keep you updated on topical issues from the sector as well as what’s happening at ARK.