Where’s hot and where’s not in UK
PERFORMANCE: The Land Registry House price index annual review 2016 shows that the local authority showing the largest annual growth last year was Slough, where prices increased by 19.6 per cent.
This increase is thought to be driven by the development of Crossrail. The lowest annual growth was recorded in the City of Aberdeen, where prices fell by 8.7 per cent, which could be due to the impact of falling oil prices on the local economy. The average UK annual growth rate for the year was 7.5 per cent, 1.6 percentage points above that of 2015. The strong UK house price growth is supported by a shortage of homes for sale.