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Insider UK
Insider UK
Business
Vicky Shaw & Peter A Walker

House price growth in cities ‘outstripping’ increases in surrounding areas

Cities have driven house price growth this year, leaving the suburbs lagging behind.

Since the start of the year, as people have gradually returned to the office, property prices across Britain’s cities have typically grown by 9.2%, compared with 7.9% growth on average in surrounding areas, according to Halifax.

Andrew Asaam, mortgages director at Halifax, said a trend of people looking for greener spaces to move to, which was seen early on in the coronavirus pandemic, had remained.

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