Email: enquiries@pcomproperty.com
+66 9 7072 6615 
Mon-Thurs 10am to 8pm local   Fri 10am to 4pm local   GMT +7  UAE+3  HK/SG -1
REQUEST A CALLBACK
Pcom Property - UK Buy to Let
  • Home
  • Properties
  • Mortgages
  • Blog
  • Subscribe
  • Contact
  • Home
  • Properties
  • Mortgages
  • Blog
  • Subscribe
  • Contact

A Piece of England

A UK buy to let property blog

Stay informed

Keep up to date with the Piece of England newsletter covering news and views from the UK property market
SUBSCRIBE

27/2/2020

Hometrack UK Cities Index  - January 2020

 
This month's Cities Index is the second in a row to record a 3.9% increase year-on-year. This is taking average prices up to a nearly 3-year high. Supply is still flat and outpaced by demand, at 2.6%.
Picture

UK city house price inflation approaches 3-year high

UK city house price growth remains at +3.9%, approaching a 3-year high. Last month we reported a strong bounce in demand. This has been reflected in the latest data for mortgage approvals (December 2019), which are up 5% compared to a year earlier.
​
The increase in the headline rate of growth is down to a pick-up in growth across cities, especially those in southern England where pricing was broadly flat over 2019. All cities, except for Aberdeen, are recording annual house price inflation in excess of 2% per annum.

Growth in supply fails to keep pace with demand

The supply of new homes coming to the market for sale has recorded the usual seasonal uplift. Increased buyer demand will naturally bring more homes to the market.
​
However, the total stock of homes available to buy across UK cities is just 2.6% higher than this time last year. Across nine cities the stock of homes for sale is lower than a year ago by as much as 6%.

​Strong demand and growing sales are eroding available supply at a faster rate than it is being replenished. This is exacerbated where demand from first time buyers is high as this group do not have property to sell.

​Content from Zoopla / Hometrack - the full report may be downloaded here

Picture
Click image for larger scale
Picture
Click image for larger scale

Comments are closed.
    Picture

    Manchester

    From £137,586

    DETAILS
    Picture

    West Bromwich

    From £118,495

    DETAILS
    Picture

    Birmingham

    From £218,950

    DETAILS
Picture
Helping expats acquire affordable, profitable and secure UK buy to let property
Home       Properties       Mortgages       Blog       Subscribe       Contact

PropertyCom Marketing Ltd
18 Tiwanon Road   Mueang   Nonthaburi 11000   Thailand
​
+66 9 2597 4045   8:30am to 5:30pm local   GMT +7  |  UAE +3  |  HK -1