London’s weak market conditions are spreading across southern England as affordability pressures grow and moving costs increase.

The latest data from Hometrack shows sales volumes in southern cities down by an average of 13% since 2015, whilst regional cities see volumes increase by 19% in the same period.

Liverpool has the highest annual house price growth at 5.8% with housing sales 19% higher than in 2015. Leicester, Glasgow and Manchester all registered price growth over 5%.

All six cities covered by the index in southern England, outside London, are recording the lowest growth rates since 2012, ranging from -0.6% in Oxford to +2.2% in Bristol.

20 City index headline results

Month3 month change% year-on-yearAverage price
Oct-18-0.4%1.2%£251,800
Nov-18-0.5%1.1%£251,400
Dec-18-0.4%1.2%£251,300
Jan-190.1%1.3%£252,000
Feb-191.0%1.8%£253,800
Mar-191.3%1.7%£254,600

Change in housing sales from 2015 to 2018

Change in housing sales from 2015 to 2018