Property sales across cities in southern England have fallen by 13% on average since 2015, according to new figures.
A new Zoopla index, which looks at the UK’s 20 biggest cities, found homes have fallen by 13% in the South between the full calendar years of 2015 and 2018. On average, sales increased by 6% across cities in northern England over the three years. Sales in London and Cambridge are down 20% on 2015 levels.
By contrast, transactions in Liverpool have increased by 19% over the same period and those in Newcastle have increased by 5%.
As well as a big jump in sales, Liverpool also had the strongest annual house price growth in March among the 20 cities in the index, with a 5.7% year-on-year price increase taking the average property value there to £122,100.
Leicester, Manchester and Glasgow also recorded house price growth of 5% or slightly more in March.