UK city house price inflation is registering at +1.7% as price momentum slows across the 20-cities index report. Cautious buyers are negotiating harder on prices as the pace of UK city house price growth moderates.
Glasgow leads on house price growth at +5.1%, which is the lowest growth rate of the best performing UK city since 2012. London is the slowest growing city with growth registering at -0.5%.
The gap between average asking prices to average achieved prices has increased in the first quarter of 2019 in 16 out of 20 cities across the UK, compared to 2018.
The annual rate of house price inflation in London equates to -0.5%
Glasgow, Liverpool and Leicester have the fastest house price growth
London, Cambridge and Aberdeen are the cities with the slowest growth
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As the industry professionalises, what should estate and letting agents be doing to prepare for minimum qualification requirements?
In the last eight years, the growth of first time buyers has outpaced all other buying groups and in 2018 they became the largest buyer group in the UK.