IOS: Top Cities in UK for House Price Growth
For many Malaysians, the United Kingdom (UK) and Australia are the top 2 favourite countries when it comes to investment and migration. This comes as no surprise due to the historical and geographical tie with the two nations.
Being a member of the Commonwealth, Malaysia has maintained a close relationship with the UK even in the post-colonial era, boosting trade, tourism and cultural exchange. Despite the distance, many Malaysian seeks education in the UK, in one of many world-renowned institutions where influential leaders were educated.
Apart from education, tourism and migration, the UK has always been a sought-after property investment destination for an investor from all over the world. There are a number of Malaysian property developers building homes and commercial establishments in the UK, such as the much talked about Battersea Power Station by a conglomerate made up of S P Setia Berhad, Sime Darby, and Employees Provident Fund.
Today we share with you the top cities in the UK for house price growth between Jun'17 â€“ Jun'18 as published in Zoopla, the leading property portal in the UK:
No. - City - Current House Price - Year-on-year Growth
1 - Edinburgh - Â£225,300 - 7.1%
2 - Manchester - Â£163,300 - 7.0%
3 - Bournemouth - Â£292,500 - 6.6%
4 - Birmingham - Â£159,900 - 6.5%
5 - Nottingham - Â£150,100 - 6.5%
6 - Liverpool - Â£118,800 - 5.9%
7 - Leicester - Â£170,700 - 5.7%
8 - Cardiff - Â£201,700 - 5.5%
9 - Portsmouth - Â£239,400 - 5.4%
10 - Sheffield - Â£136,600 - 5.2%
Property Hunter published its first Investing Overseas Series (IOS). The first of its series focuses on Manchester, United Kingdom. Click to read the interactive story on Manchester : The World's Property Hotspot.