The one major UK city where house prices are dropping whilst every other area is climbing

manchestereveningnews.co.uk:

For those looking to buy or sell a property, it is essential to stay up-to-date with local house price trends. House prices are still on the rise across the UK, with a notable exception in one major city where values dropped in November 2024.

Currently, the higher cost of properties coupled with sluggish growth is driving potential buyers away from their preferred areas, particularly in dream spots around London and the south of England where homes are often considered to be "over-valued".

Despite a significant population of high-earners in the south, many families can't break into the housing market because wages aren't catching up with the steep prices.

This creates a narrow buyer pool restricted to high-wage earners, dampening the demand and capping the appreciation potential of homes in the area, as noted by Zoopla's property specialists.