House prices in London recovered in the latest quarter as the city’s property market begins to stabilise.
Hometrack, which provides residential property data, reported that prices had increased by 1.8 per cent in the three months to June. That came after a 1 per cent decline over the previous six months.
The average price of a home in London now stands at £484,800. Growth remained low over the year, however, at only 0.7 per cent.
This was considerably behind Manchester, which recorded a 7.4 per cent rate, Liverpool, which hit 7.2 per cent, and Birmingham, which grew at 6.8 per cent.
With a 2.8 per cent fall, Aberdeen endured the weakest annual performance in Hometrack’s city house price index.
To read the rest of this article, please visit: https://www.thetimes.co.uk/article/signs-of-life-returning-to-london-s-housing-market-z0c8ztf90
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