The 10-year boom in the London housing market may be cooling off against Brexit, but the property market in the rest of the UK is largely unaffected by the country’s forthcoming exit from the European Union.

While house prices in the British capital rose by only 1.7% since the June 2016 referendum, those in Birmingham, Britain’s second largest city, have jumped by almost 15%, according to Hometrack. Manchester is a bit behind it with a 14% growth. The only city where prices have fallen in the past two and a half years was Aberdeen.

“Households in district towns continue to take advantage of the low interest rates on mortgages and rising employment to tackle housing costs, ignoring the uncertainties surrounding the economic outlook”, said the director of research at Hometrack, Richard Donnell. “Discounts in the offer prices in the regions continue to narrow”, added he.

The areas are not faced with the need to tackle issues, such as accessibility and stamping, to the same extent as London, where the delay was coupled with uncertainty about the future of Britain’s relations with the EU.

Housing prices in the British capital have risen by 84% since 2009, outpacing wage growth. This means that the average citizen of London now needs 14.5 times the income of his current year to buy a home.

These factors, coupled with tougher lending criteria and economic and political uncertainty, have led to a decline in home sales in London by almost a fifth since 2014.