Hometrack UK Cities Index - December 2019

With an average house price growth of 3.9% over the last 12 months, the UK's major cities are performing more strongly than the national average. Here is the city-by-city breakdown -

Hometrack Index for December 2020

"This month’s Cities Index shows a continuation of the strong end to 2019. City house price growth is at a two-year high, at 3.9%. Coupled with a bounce in demand, which at 26% far exceeds the traditional new year boost, we see green shoots of returning market optimism. At a regional level, affordability of local stock is driving growth forecasts for Northern and Midlands cities, while in the South, the picture is more subdued.

​"UK city house price inflation is running at +3.9% as the impetus for price growth increases in regional cities with attractive affordability and positive price growth in London (+1.9%) supporting the headline growth rate.

​"Cities in the North and Midlands registered stronger price growth during the year than many cities in the South. The regional nature of the housing market is still very clear, although there are signs that the spread of price growth across the country has been narrowing in recent months,

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​"There is much focus on how much the demand for housing has ‘bounced’ in the early weeks of 2020. Looking at the 4 weeks to 20 January 2020, demand for housing across UK cities is, on average, 26% higher than the same period in 2018 and 2019. All cities, except for Belfast (flat), have recorded an increase in demand compared to the last 2 years. Sheffield, Leeds and Leicester have recorded the greatest increase in demand over the first 4 weeks of the year, with Southampton and Edinburgh having registered below average growth in demand."

​Content from Zoopla/Hometrack - click for the full report