The 20-city index is currently registering annual house price inflation of 2.6%, the lowest annual growth rate for 5 years. The average house price has increased by £6,500 over the last 12 months to £253,500.
London has affected the annual growth with price falls for the second time in 23 years. Other cities around the south of England are also experiencing falls which have affected house price figures.
Uk city house price growth has been forecasted as 2% in 2019. Above average growth in regional cities will help boost annual rates despite price falls across London.
The annual rate of house price inflation in London remains at -0.1%
Edinburgh, Manchester and Birmingham are registering the fastest house price growth
Cambridge, London and Aberdeen are registering nominal house price falls
The 20-city index is registering house price inflation of 2.6%, which is reported as the lowest annual rate of growth for 5 years. In the UK the average house price has increased by £6,500 over the previous 12 months to £253,500.