_Charting UK city house price growth since 1995

Knight Frank has analysed the change in average house prices in cities across the UK since 1995, as the below graphic shows.

Unsurprisingly, London had the highest average value at the end of 2018. A figure of £473,000 was more than double that of several other cities.

While this highlights the affordability pressures felt in the capital, it also underlines the strength of demand for residential property in London.

Two other cities have run London close in recent decades. Oxford and Cambridge both benefit from strong employment markets, local economic growth, high-quality housing stock and a global reputation for academic excellence.

In future, they will also benefit from the Oxford-Cambridge-Milton Keynes Arc, a large-scale development of homes, offices and infrastructure across central England.

Indeed, Cambridge was highlighted in this year's Wealth Report as a city that is a likely target for future property investment. 

Meanwhile, affordability pressures in the capital are likely to bolster demand in a range of other UK cities in future.

More than 336,000 people left London for elsewhere in the UK in the year to June 2017, up by 15% on the previous year, a Knight Frank analysis of the latest UK migration data shows.

All of these factors are likely to have a bearing on future house price growth across the UK.