Five cities in the UK has overtaken London as the pace of growth in housing prices

The growth rate of house prices in five UK cities surpassed the rate of growth in property prices in London.

Over the past three months, a decrease in the rate of price growth in the capital of the United Kingdom.

Edinburgh, Glasgow, Southampton, Bristol and Birmingham saw the growth of housing prices in the 4th quarter of 2014, exceeding the growth of housing prices in London.

This is evidenced by the index of property prices Hometrack, which was published recently. In accordance with Hometrack index, the growth in housing prices in 2014 amounted to 8.9%. For the last quarter in the vast majority of cities marked slowdown in price growth.

According to Hometrack, the growth in property prices in the UK in 2015 will amount to a modest 2%.

Over the past year in the leg to London was the rising prices in Manchester and Portante, outpacing the rate of inflation by 0.5%. Some large cities showed a lower growth of prices in Aberdeen grew up in home prices outpaced inflation by 0.4% in Cambridge – by 0.2%. In some cities the growth rate of housing prices have generally lagged behind inflation in the Oxford – 0.3%, Cardiff at 0.2 percent.

Meanwhile, the slowdown in prices in the most popular among investors cities is not accidental. In these cities in the past year residential property prices have exceeded their pre-crisis peaks.

In London the average price of housing is 30.5% above their 2007 peaks. Cambridge – 28.7%, in the Oxford of 21.9%.

In absolute terms, the average price of property in London rose last year by £ 57,000, which is approximately 4 times less than the national average growth , which amounted to only 15,000 pounds.

The smallest gains in home prices were in Liverpool, where the very low property prices. In 2014 the average price of housing in Liverpool has risen by only 3,000.

In 2015, according to Hometrack, there will be moderate growth in home prices , which would be more consistent with rate of inflation and income growth of the British. The national average Hometrack predicts prices grew at 2% in 2015.

The main trend of next year, Hometrack believes bringing housing prices in accordance with the expectations of customers. For example, more than 20 neighborhoods in London recorded a decline in prices. Entering the market new homes in 2015 will also contribute to a more healthy situation in the real estate market, eliminating the imbalance, in the monthly demand far exceeded supply.

® Alice Morgan. 19.12.2014 g.

FITZJAMES AVENUE, WEST KENSINGTON W14 – £ 2,300,000

IMPERIAL CRESCENT, IMPERIAL WHARF SW6 – £ 4,550,000

THE KNIGHTSBRIDGE, LONDON SW7 – £ 2,950,000

HANS COURT, HANS ROAD SW3 – £ 13,950,000

ONE HYDE PARK, 100 KNIGHTSBRIDGE SW1X – £5,600,000

ALBERT COURT, PRINCE CONSORT ROAD SW7 – £3,950,000

THE TOWER, ONE ST GEORGE WHARF SW8 – £3,995,000

PENTHOUSE – BERNERS STREET, FITZROVIA W1T £4500000

BROMPTON ROAD, KNIGHTSBRIDGE SW3 – £ 5,950,000

PARKSIDE, 28-56 KNIGHTSBRIDGE SW1X – £ 6,995,000

KENSINGTON SQUARE, KENSINGTON W8 – £ 7,000,000

TREVOR STREET, KNIGHTSBRIDGE SW7 £ 7,950,000

HENRY MOORE COURT, MANRESA ROAD, SW3 £ 12,000,000