Regional cities like Manchester, Nottingham and Birmingham have bucked the trend of falling house prices over the last 6 months. According to data from Bricks&Logic, these cities have seen some  growth in house prices, despite the cost of living crisis and rising inflation rates.

In contrast, more rural areas of the South West, East of England, and Wales have seen some significant declines in house prices. Given these were the areas that saw the strongest growth coming out of the pandemic its unsurprising they are seeing a bit of a correction. One area that performed poorly post pandemic with the "race for space" was London and it that struggle has continued as they have seen prices fall over the last 6 months, particularly in central areas.

Fig. 01 shows just how differently certain parts of the country are performing.

Rental prices have been performing better than house prices, with growth almost everywhere. The biggest disparity between rental and sale prices has been in London where rental prices have increased by as much as 10% in some areas despite falling sale prices as supply of new rental stock remaining very tight. 

See Fig. 02

If you're thinking of buying a property in the UK, Bricks&Logic can help you find the best place to live. Our data-driven approach takes into account a wide range of factors, including local house prices, economic conditions, and quality of life, to help you make an informed decision. 

Whether you're looking to buy your first home or invest in a property, we can help you find the perfect place to live.