House prices rising at less than 5% a year across UK’s biggest cities
In London, house prices increased by just 0.2% annually, while in Cambridge they lifted by 0.3%, compared to last August’s figures
None of the UK’s biggest cities saw annual property growth hit 5% or more in August – marking the first time this has happened since 2012 as the market adjusts to more realistic pricing, according to an index.
Zoopla’s report, which covers house price movements in the UK’s 20 biggest cities, found that the fastest rate of year-on-year house price growth in August was in Leicester, at 4.8%.
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