Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Friday, 24 February 2017

London & the post-crisis recovery

UK city prices +6.9pc

Hometrack's UK 20 Cities Index saw house prices rise by 6.9 per cent over the year to January 2017.

London prices were up by 6.4 per cent over the year - which is actually the city's lowest rate of price growth for 42 months for the capital, as the premium sector has slowed significantly in response to stamp duty changes and related headwinds.

Since 2009, London and Cambridge have led the way in terms of price growth, with the capital city returning to the top of the tree with 85 per cent price growth. 

Price growth has been over 75 per cent in Oxford and Cambridge. 

Regional cities are in many cases struggling to surpass pre-crisis highs - the contract with the south east of England has been remarkably stark - but some regional cities potentially have upside. 

Source: Hometrack

Price growth in Manchester increased to 8.3 per cent in the year to January 2017. 

London, Tower Bridge, Bridge, Monument