We reveal the four cities where house prices have risen by more than 50% in 10 years
Revealed: Four cities where property prices have shot up by more than 50 per cent and the three places where homes are actually worth less than in 2008
FOUR cities across the UK have seen house prices shoot up since the financial crash in 2008.
Property values in Bristol, Cambridge, London, and Oxford have risen by over 50 per cent in a decade, according to the Hometrack UK's latest Cities Index.
Birmingham, Cardiff, Leicester, Manchester and Nottingham all enjoyed growth of more than 20 per cent.
But homeowners in Aberdeen, Belfast and Liverpool have suffered from property prices falling, with houses worth less than they were 10 years ago.
Shockingly, house prices in Belfast are a mammoth 28 per cent lower than they were in 2008.
Glasgow and Newcastle also fared poorly, with house prices rising by just one and three per cent respectively over the period.
What help is out there for first-time buyers?
GETTING on the property ladder can feel like a hard task but there are schemes out there to help first-time buyers own a home.
Help to Buy Isa - It's a tax-free savings account where for every £200 you save, the government will add an extra £50. But there's a maximum government bonus of £3,000 which is paid to your solicitor when you move.
Help to Buy equity loan - The government will lend you up to 20 per cent of the home's value - or 40 per cent in London - after you've put down a five per cent deposit. The loan is on top of a normal mortgage but it can only be used to buy a new build property.
Lifetime Isa - A government scheme that gives anyone aged 18 to 39 the chance to save tax-free and get a bonus of up to £32,000 towards their first home. You can save up to £4,000 a year and the government will add 25 per cent on top.
Shared ownership - Co-owning with a housing association means you can buy a part of the property and pay rent on the remaining amount. You can buy anything from 25 to 75 per cent of the property but you're restricted to specific ones.
"First dibs" in London - London Mayor Sadiq Khan is working on a scheme that will restrict sales of all new-build homes in the capital up worth to £350,000 to UK buyers for three months before any overseas marketing can take place.
Starter Home Initiative - A government scheme that will see 200,000 new-build homes in England sold to first-time buyers with a 20 per cent discount by 2020. To receive updates on the progress of these homes, you can register your interest .
Looking at the UK as a whole, house prices are 26 per cent above the level they were 10 years ago, which clearly demonstrates how bad things are in the bottom five cities when compared to the rest of the country.
Interestingly, those cities that showed the most growth over the past 10 years have not fared so well over the past twelve months.
London saw average prices falling by 0.1 per cent over the past year.
Meanwhile, Oxford and Cambridge also experienced very weak growth at 0.5 and 1.2% respectively.
The cities that saw the most growth in the past year were Nottingham (7.5 per cent), Leicester (6.6 per cent), Liverpool (6.3 per cent) and Manchester (6.1 per cent).
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Hometrack said: "We would expect the underperforming cities to have closed much of the gap to the top performers in terms of percentage price change from 2008.
"The timing and scale of this process will rely on economic growth and job creation in these cities and the trajectory of mortgage rates.
"Average prices in the highest value cities are set to remain, at best, largely static for the foreseeable future."
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