The southern powerhouses of London, Oxford, Cambridge and Bristol have already seen their fortunes hit by the dual headwinds of Brexit, which has dampened demand from foreign buyers, and successive stamp duty changes, which have hit £1m+ and investment purchases. After experiencing the most rapid growth since 2007 and gaining at double-digit rates last year, they are near the bottom of the table. London, which boasts an average house price near £500,000, is currently registering annual growth around the rate of inflation of 2.6 per cent.

Read more: Prices in key UK cities up 5.1% in H1 2017 – Property Investor Today