Property prices are up in cities across the U.K., but the price growth across the North is continuing to outperform that in London and the South, according to a report Monday by Hometrack.
The property data provider analyzed 20 U.K. cities and found that house price inflation was 5.2% in the 12 months to February 2018 compared to 4% the year previously. The report did not break out luxury data.
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But the divergence in house price growth between cities in the South of England and the rest of the nation is apparent.
Half of the 20 cities covered by the index are registering higher annual growth than a year ago and all of them are in the Midlands, the North, Scotland or Wales. No cities in the South registered larger price increases than the year previously, according to the report.
Five cities logged price increases of more than 7% in the past year: Edinburgh, Liverpool, Leicester, Birmingham and Manchester.
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Meanwhile, nine cities have applied the brakes to their price growth since a year ago, with Bristol, London and Southampton—all found in the South—logging the greatest slowdown in price increases, the report said.
Prices dropped in two cities, Cambridge and Aberdeen, where values are now 1.5% and 7.7% lower than a year ago.
Belfast, in Northern Ireland, was the only city to see no price change in the last 12 months.
In London, house prices grew 1% in the 12 months to February, down from 4.3% growth a year ago. This is the lowest annual rate of growth since August 2011, the report said.