The 20-city index is currently registering annual house price inflation of 2.7%, half the average annual rate over the last 5 years. Growth has slowed steadily over 2018, with London, Cambridge and Aberdeen registering negative growth year on year.
Price growth ranges from up to +7% in Edinburgh to -6% in Aberdeen.
Ten cities have recorded double digit price growth of up to 16% since the Brexit vote in 2016, with Birmingham and Manchester leading the way.
UK city house price growth
House price growth – % yoy current / 12m ago
Price changes
London house price growth
The annual rate of house price inflation in London remains at -0.2%
Fastest growing cities
Edinburgh, Liverpool and Birmingham are having the fastest house price growth
House price falls
London, Cambridge and Aberdeen are registering nominal house price falls
Annual growth – 1996–2018
The development of city house price growth has split into three distinct phases – the early recovery from 2009-2012, broader recovery 2013 to mid-2016 and the post Brexit vote period from mid-2016 to end-2018.
Regional cities continue to sustain above average price growth as employment rises and mortgage rates remain low.
City level summary
