First Time Buyer
Cambridge and London among worst performing cities for house prices in 2018
Values increased by a typical 2.7 per cent between December 2017 and December 2018, according to research by property site Zoopla.
However, there were stark variations in regional performance.
In the capital prices fell by 0.2 per cent and in Cambridge values dropped a hefty 3.8 per cent.
At the other end of the scale, Edinburgh’s average price increased 6.8 per cent annually and Liverpool was up 6.3 per cent.
Birmingham, Nottingham and Cardiff have all seen growth of 5.9 per cent.
The bottom seven cities were all in the South or East of England – with the exception of Aberdeen.
Richard Donnell, research and insight director at Zoopla, said: “The strongest performing cities are outside south eastern England where affordability remains attractive and employment levels are rising.
“We expect current trends in price growth to continue across the rest of this year, with prices rising in line with earnings for much of the UK but lower growth and some house prices falls in London and the South.
“London will continue to register price falls, concentrated in inner London where prices have grown the most over the last decade.
“Prices continue to increase slowly in the more affordable outer and commuter areas of London.”
Related Posts
There are 0 Comment(s)
Big flu jab price hikes this winter: Where’s cheapest if you can’t get a free vaccine?
Pharmacies, supermarkets and health retailers are starting to offer flu jabs ahead of the winter season, but t...
Is now the time to fix your energy deal?
Fixed energy tariffs all but disappeared during the energy crisis. But now they are back with an increasing nu...
Octopus steps in to buy Shell Energy – what customers need to know
The deal is expected to complete in the fourth quarter of 2023 and will take Octopus Energy’s retail supply ...
What will happen if rates change
How your finances will be impacted by a rise in interest rates.
Regular Savings Calculator
Small regular contributions can build up nicely over time.
Online Savings Calculator
Work out how your online savings can build over time.
The best student bank accounts in 2023: Cash offers, tastecards and 0% overdrafts
A number of banks are luring in new student customers with cold hard cash this year – while others are compe...
DIY investors: 10 common mistakes to avoid
For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.
Mortgage down-valuations: Tips to avoid pulling out of a house sale
Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?
Money Tips of the Week
© AE3 Media Ltd, 21 Great Winchester Street, London EC2N 2JA, Company.