UK price growth at 5.2% but London slows to 1%

29th March 2018

Hometrack data shows that house price growth in London slowed to an annual rate of 1% in February, the lowest since August 2011 and down from 4.3% on a year ago. Two-fifths of London postcodes registered price falls over the past year and the average price of a home in the capital is now £487,900. Nationwide, average house price growth was 5.2% in the year to February, up from 4% in the 12 months to February 2017. Edinburgh saw the fastest growth at 8%, hitting an average of £277,300. A 7.8% increase in Liverpool saw the typical value reach £115,700, while Birmingham’s average climbed 7.7% to £155,600.

The Guardian (26/03/2018