House price growth across the UK’s biggest cities is set to be stronger this year than previously predicted, according to an index.
Values across the 20 biggest cities are now expected by property analysts Hometrack to increase by 6 per cent to 7 per cent over the course of 2017, higher than its previous prediction of 4 per cent made in December 2016.
Continued robust house price growth in large and vibrant regional cities, such as Birmingham, Manchester and Leeds, despite uncertainty over Brexit, is behind the raised expectations.
The average price of a property in Birmingham, at £154,900, is less than a third of that in London, at £492,700.