The Hometrack UK Cities House Price Index June issue, released today, identifies Machester as the UK’s fastest growing city with the highest YOY house price growth rate of 7.4%, followed by Liverpool (7.2%), Birmingham (6.8%) and Leicester (6.5%).
Manchester also has the lowest level of discounting (2.2%) across all the cities in England and Wales. This remains on a downward trend and it is no surprise the city is currently registering the fastest growth in price.
The steady rate of growth along with the low discounts for asking rates means buy-to-let investors can comfortably expect a better ROI from their original buying price. Further to this, a recent report from GoCompare identifies Manchester as the best place to be a landlord in the UK, as the city records highest average rental yields and highest rental market growth.
You can see the full June Hometrack report by clicking here.