House price growth grinds to a halt – Hometrack

London is on course to end the year with house prices lower for the first time in a decade, as analysis by Hometrackshows prices in the capital have dipped by 0.1% over the past 12 months. The last time London house prices fell was during the financial crisis of 2008, when they tumbled 13.2%. While prices have since risen annually, Hometrack expects that to change, with a 2% fall forecast for next year. Its UK cities house price index shows house price inflation across Britain’s cities has fallen to 2.6%, with Bournemouth recording the sharpest annual slowdown, rising just 2.3% after recording gains of more than 5% the previous year. Only four cities recorded higher rates of house price growth than a year ago — Manchester, Liverpool, Cardiff and Newcastle – while Edinburgh is the city with the fastest price growth, at 6.6%.

Source: The Times (19/12/2018)