Rising house price discounts bite into price growth

London’s house prices have seen the slowest growth out of all major UK cities except Cambridge over the last year, according to property market analytics firm Hometrack. House prices in the capital increased by just 0.8% in the last year, while Cambridge saw house prices increase by just 0.1%. The data also showed the impact of larger discounts from asking prices. In England, discounts on asking prices were largest in London, Oxford and Cambridge, of up to 4.7% on average.

The Times (29/05/2018)