House prices are increasing in Birmingham at well over the rate of the UK average.

This puts the city joint second with Leicester for the highest rate of increase in the UK , according the city house price index by Hometrack.

House prices have risen by 7.7% from April 2016 to April 2017, putting the average price of houses up to £152, 100. This is up from a 6.9% rise in the previous year.

Manchester is the only city with faster growth at 8.4%, but other large regional cities are recording higher price increases.

In contrast, the London housing market has registered 90% growth since 2009.

Affordability and uncertainty are impacting demand. London has the lowest annual growth (+3.3%) for 5 years.

However, the rapid deceleration in price inflation is showing signs of bottoming out.

Overall, UK house prices have grown by 5.1%, which is down from 8.8% in May 2016.

All cities, with the exception of Oxford and Aberdeen, have registered higher prices in the last 3 months.

Founder and CEO of eMoov.co.uk, Russell Quirk, commented: "Demand for city living seems alive and well despite the farcical political events of late.

“Other than Oxford, a city paying the price for its previous accolade of UK's most expensive, and Aberdeen which has suffered due to a declining economy, house price growth across the UK's major cities seems to have remained stable.

“We are starting to see a real shift away from the London in terms of the capital leading the rate of price growth in the UK and there seems to be a growing transfer of power to the Midlands and the North.

“The markets in London and the South East, in particular, were teetering on an election knife edge, but the less than satisfactory result coupled with signs that the London property slowdown is soon to bottom out means that prices in the regions are likely to stay flat for the remainder of the year now."