The Hometrack UK House Price Index analyses housing market trends at a city level on a monthly basis – across 20 cities, plus regions, and nationally.
Executive summary
• Key measures of market activity increasing by over 10% yoy
• House price inflation ticks lower to 1.9% in response to higher
mortgage rates and rising buying costs from April
• Rapid growth in number of flats for sale: +14% vs +5% for houses
• Value of houses has increased 24% over 5 years, 3x faster than
the 7% growth in the price of flats
• Gap between price of houses and flats is at a 30-year high (1.7x)
• Buyers still prioritising houses despite lower prices of flats –
mortgage repayments for a flat are 43% lower than rental costs
• Strong earnings growth supporting activity, but greater supply of
homes for sale is expected to keep price inflation in check
You can download the latest full report from the Hometrack website.