Price growth hits 2 year high according to Hometrack December report
UK city house price inflation is running at +3.9% as the impetus for price growth increases in regional cities with attractive affordability and positive price growth in London (+1.9%) supporting the headline growth rate.
City house price growth is at a 2-year high, supported by a combination of flat to falling house prices in the latter parts of 2018 falling out of the annual growth rate and increased demand and more sales.
Cities in the North and Midlands registered stronger price growth during the year than many cities in the South of England.
There is much focus on how much the demand for housing has ‘bounced’ in the early weeks of 2020. Looking at the 4 weeks to 20 January 2020, demand for housing across UK cities is, on average, 26% higher than the same period in 2018 and 2019.
To read the full report, click here.
Share
News & Insights
Read the latest housing sector news, blogs, and commentary from ARK.
The Scottish Government’s response to the Grenfell Inquiry: what it means for Scotland’s housing sector
By Kirsty Wells ·The Scottish Government has outlined new fire safety measures following the Grenfell Tower Inquiry, including a Compliance Plan Manager role …
We Are Proud to be an SFHA Associate
By Kirsty Wells ·We are delighted to be an associate of the Scottish Federation of Housing Associations (SFHA). At ARK, we are committed …
Our case study with Valleys to Coast Housing
By Pete Evans ·ARK worked with Valleys to Coast to enhance housing services, tackle repairs efficiently, and improve customer satisfaction. We decided to …
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.