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Leicester leads the way on city house price growth

House price growth in Leicester is currently outstripping other major UK cities, Zoopla’s UK Cities Index has found.

In the year to October 2019 prices rose by 4.7% year-on-year to £180,000 in Leicester, outstripping Manchester (4.6%), Liverpool (4.1%), Edinburgh (4.0%) and Belfast (4.0%).

Josef Wasinski, co-founder of Wayhome, said: “These figures will cause further frustration for aspiring homeowners struggling to afford the deposit needed for today’s property prices.

“With first time buyers and housing at the forefront of party manifestos, we need to move beyond the rhetoric and be confident that the proposals will become policy alongside alternatives which provide realistic pathways to homeownership for those looking to get on the ladder.”

The only major UK city to see house prices fall was Aberdeen, where they are 5.9% lower than last year.

House prices have also stayed the same (0%) year-on-year in Oxford.

Despite the impact of a Brexit slowdown, in the year to October 2019 house prices in the top 20 major UK cities rose by more annually than the corresponding year before, by 2.5% from 2.0%.