UK regional cities see prices surge
Regional cities in the UK, led by Liverpool and Bristol, have seen house prices surge due to the rising number of investor buyers.The 20 city index from Hometrack shows that overall prices have increased by 4.4% quarter on quarter and 11.2% year on year.
Liverpool has seen the highest growth in the last quarter and Bristol has the fastest annual growth rate. Prices in Liverpool were up 5.4% quarter on quarter and 6.5% year on year while in Bristol they increased 4.2% on quarter and 14.1% year on year.London has also seen strong year on year growth with an annual rise of 13.8% with quarter on quarter growth of 3.7%. Cambridge and Southampton also recorded large annual rises at 13.4% and 10.3% respectively.