Hometrack June House Price Index

Hometrack have published their UK cities House Price Index for June.  

  • UK city house price inflation 4.6% on the year
  • London discount on asking price decreasing
  • Manchester has lowest level of price discounting and highest city annual growth rate

Newport still tops the year on year price increase at 12%  and still only an average house price of £155,500.

So why is Newport the city of house price growth? 

The scrapping of the Severn Bridge tolls makes it an easy commute to Bristol where the average house price is a whopping £283,500. Newport also has the highest number of new-builds in Wales, new- build properties tend to sell at a premium. The new-build homes re accompanied by new schools and a regeneration of the town centre.