Yorkshire house price growth at 3.9pc but Edinburgh leads at 6.1pc

EDINBURGH SAW the fastest house price growth across 2019 out of the UK’s biggest cities including Leeds and Sheffield, a report has found.

However, Nottingham is tipped to have the strongest price growth during 2020, followed by Edinburgh, Glasgow and Manchester, among the 20 cities covered

Zoopla.

Annual house price growth stood at 6.1 per cent in Edinburgh in December 2019, with Nottingham seeing the second biggest uplift at 5.2 per cent.

In Yorkshire the annual house price growth stood at 3.6 per cent in Leeds and 3.1 per cent in Sheffield. in the index from

The report looked at factors, including affordability, how much sellers need to knock off asking prices and how long properties are sitting on the market for, to predict which cities could have the strongest prospects for house price growth in the year ahead.

Cities outside the south of England

topped the rankings, largely due to their attractive affordability, Zoopla said.

The report said market fundamentals suggests more constrained price growth in the South of England, in cities such as Bournemouth, Southampton, London and Oxford, largely a result of affordability factors.

London ranks 16th but Zoopla expect sales to pick up faster than prices.

Average prices are still heading downwards in Aberdeen although demand there is increasing, the report said.

The index also found that annual house price growth across the UK’s 20 biggest cities averaged 3.9 per cent in December 2019 – marking the strongest growth since September 2017.

Richard Donnell, research and insight director at Zoopla, said: “The best prospects for house price growth in 2020 are in Nottingham, Edinburgh, Glasgow and Manchester.”