Property prices in regional UK cities continue to outpace London

Property prices In key regional cities in the UK continue to outpace those in London. While price increase in London hit just 1.6% in 2018, Edinburgh increased by 8.1%, followed by Nottingham (8%) and Manchester (7.4%). In regional cities the shortage of available properties means that new properties coming onto the market are often sold in a very quickly and this is one of the biggest drivers of investment performance.In Manchester, for example, the population is growing 15 times faster than new housing is being built which accounts for the surge in property prices in the city.