Edinburgh is the fastest growing city (6.7%), overtaking Manchester (6.5%) and Birmingham (5.9%). We expect house prices to continue to rise in regional cities where values are still growing off a low base and affordability remains attractive.
There are five cities where the current level of house price growth is below the rate of consumer price inflation – Aberdeen, Cambridge, Oxford, London and Cardiff.
The annual rate of price inflation in London has stabilised at 2.3%; well down on the 8% annual average growth rate since 2010.
Edinburgh, Manchester and Birmingham are once again the UK’s fastest growing cities this month.
Aberdeen, once again, remains the only UK city in the top 20 list to suffer house price falls of -1.8%.
Across the 20 city index, annual growth ranges from -1.8% in Aberdeen to +6.7% in Edinburgh. This is the smallest variation in growth since July 2015 and is a result of a slowdown in price inflation across all cities in southern England.
Nigel Lewis looks at the impact of stamp duty, mortgage and capital gains tax changes in the Spring 2021 Budget for estate agents
Starting 21 December, we’ll be making the most of the seasonal uplift with a new ten-week national campaign targeting existing homeowners.
Valuing properties aggressively to gain instructions is a well-known tactic used by many estate agents and is a hotly debated topic within the industry, but does it work?
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.