House prices in London grew at their slowest rate in two years , but the property market in other major cities around the country is booming , according to a report by property analysts Hometrack . Examining the country 's top 20 cities , the report found the London market is being impacted by Brexit , investor demand and new taxes , and with the average house now costing £ 480,500 , many are priced out of the market , despite record low interest rates . AFP/ In contrast , Manchester , Bristol , Liverpool , Birmingham and Glasgow are all experiencing growth in the housing market .
House prices in London grew at their slowest rate in two years , but the property market in other major cities around the country is booming , according to a report by property analysts Hometrack . Examining the country 's top 20 cities , the report found the London market is being impacted by Brexit , investor demand and new taxes , and with the average house now costing £ 480,500 , many are priced out of the market , despite record low interest rates . In contrast , Manchester , Bristol , Liverpool , Birmingham and Glasgow are all experiencing growth in the housing market .