Manchester top of the charts for year-on-year price growth
London may be slipping from the top of the tree in terms of UK house price growth after the latest stats showed that in the last 12 months it doesn’t even make the top 10 UK cities.
From April 2016 to April 2017, prices grew the slowest for five years in the capital at just 3.5%. Last year, for example, this with 13% and there’s a predicted further 2-3% depreciation before the end of the year.
This analysis from Hometrack found that cities in the Midlands and the north of England are making moves on the top of the tree. Manchester leads the way for fastest price growth, rising 8.4% - up more than two percentage points from last year.
The next three are: Leicester, Birmingham and Nottingham, here’s the full table:
As we can see, Leeds and Sheffield are comfortably at the top of the 20 city index with 4.6% year-on-year growth in both. This was a fair jump for Sheffield from April 2016 and hopefully shows that the property market in Yorkshire is on the rise.
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