UK city house price inflation at its lowest growth rate for 5 years
Hometrack has recently released its November UK Cities House Price Index Report with housing price inflation at 2.6%, making it the lowest annual growth rate for 5 years.
Prices falls in London for the second time in 23 years, adding to this, the sustained slowdown across cities in southern England impact the headline rate of growth. Growth rates range from +6.6% in Edinburgh to -4.1% in Aberdeen. Edinburgh (6.6%) registered as the fastest growing city, Manchester and Birmingham also report growth above 6%.
Manchester (6.6%), Liverpool (5.3%), Cardiff (5.1%) and Newcastle (4.8%) register higher growth than at the same time last year. Bristol (3.0%), Portsmouth (2.7) and Bournemouth (2.3%) register the slowest growth.
Overall, the 20 city index forecasts for an annual growth of 2.0% in 2019.
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