Manc recovery gathers pace
The UK 20 Cities house price index rose by 6.4 per cent over the year to February 2017, having increased by 7.8 per cent over the year to February 2016.
The 5 year average growth for this index has been 6.5 per cent per annum, as the UK market continues its post-financial crisis rebound.
Nationally there has been some loss of momentum, but price growth is rippling out to some of the regional cities.
Manc moves to the top of the tree for UK house price growth at 8.8 per cent over the year to February 2017, with Pompey, Bristol, and Glasgow also scoring highly.
London prices were 5.6 per cent higher over the same period, although HomeTrack has noted a slower turnover in stock in the most expensive markets, including Bristol and Oxford.
On the other hand stock turnover has increased in some regional cities away from London, which likely bodes well for disruptive players in the real estate markets such as Purplebricks.
Aberdeen was the worst performer of the 20 cities in the index following the painful correction in oil prices.
Manchester is buzzing, and has been on our radar for some time now.