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

3/1/2020

Hometrack UK Cities Index - November 2019

 
National indeces can show overall trends, but by drilling down to the city-by-city level, Hometrack provides a much more useful tool for property investors.
Picture

Headlines

  • UK city house prices have grown by an annual average of +4.4% over the last decade.
  • While the election result removes some uncertainty, market fundamentals set the context for city house price growth and market activity in 2020.
  • We expect UK city house prices to grow by +3% in 2020 with continued above average growth in the most affordable regional cities while growth in London is expected to be +2%.
"UK city house price inflation has averaged 4.4% per annum over the last decade with average prices up by total of 54% since 2009. The headline rate of growth currently averages 3.4%, supported by price falls in the final months of 2018 dropping out of the annual growth rate and a further pick-up in growth in London. Price growth ranges from -0.7% in Aberdeen to +5.4% in Edinburgh. ​​"There is a marked difference between the current and 10-year growth rates across UK cities. Cities in southern England have registered a marked slowdown in price inflation over the last 1-3 years with current growth rates well below the 10-year average – Oxford, Southampton, Portsmouth London, Cambridge, Bristol.
Picture
Click image for larger scale
"​In contrast, cities that have been slow to see prices recover, registering some of the lowest price growth over the last decade, are those currently registering above average growth e.g. Belfast, Liverpool, Glasgow.

"We expect cities with below average affordability levels, typically those with p/e ratios of less than 6x, to register above average house price growth over 2020. Annual growth of up to 4% is realistic, so long as mortgage rates remain low and employment remains high."

Content from Zoopla/Hometrack - click for the full report

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