All cities record price rises for the first time since 2015. Average house prices across the 20-cities index report are registering an annual house price inflation of +2.8%.

London growth rate increased slightly to +0.4% – The proportion of postcodes registering price falls is also starting to reduce.

Regional cities outside southern England have recorded above average price inflation over the last 3 years; the rate of price inflation however is beginning to moderate.

Housing transactions and mortgage approvals are holding up despite Brexit uncertainty – Prices in Leicester and Manchester are up 17% since the vote in June 2016.

 

View full report

 

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 rises to 0.4%

Fastest growing cities

Leicester, Manchester and Glasgow have the fastest house price growth

Slowest growing cities

Cambridge, London and Oxford are the cities with the slowest growth

% postcodes with yoy price falls – London City

  There has been a marked decline in the proportion of postcodes within London that are registering price falls. The latest data reveals that although prices are falling across 55% of postcodes, this is down from almost 70% in October 2018.

City level summary