Over recent years, the regional cities have been the highest performers for property price growth, comfortably exceeding the national averages. Will it be the same this year and, if so, which will be the ones to watch?
The end of 2019 and the start of 2020 have seen an upturn in the property market, both in terms of prices and the volume of transactions. According to Zoopla, the cities with the biggest uptick in interest were in the Midlands and the North, with Leicester, Sheffield and Leeds showing rises in buyer interest as much as 20% above average.
Using the figures from the Zoopla/Hometrack Cities Index and factoring in metrics such as affordability, best value homes, discounts to asking price and time taken to sell, Zoopla have ranked the cities with the highest potential for house price growth this year.
Whe reading the figures below, it is worth noting that a key measure of affordability is the house price to incomes ratio. The national average is around 8 times, in London and cities such as Oxford and Cambridge is is 10 to 12 times.