House prices in the UK’s cities rose by 10.1% in the year to November, according to the latest report from Hometrack. It puts the average UK city house price at £228,800.

But it noted that transaction volumes for the year are set to be 5% lower, as fewer homes are coming onto the market for sale causing a scarcity of supply. It expects this to push up house prices at city level by 7% in 2016.

London leads the way

In the 12 months to November, the fastest rate of growth was seen in London at 13.3%, which equates to a £52,900 increase in the average value of a home.

The weakest rate of growth was recorded in Aberdeen, where average house prices have fallen by 2% after a 12% increase in 2014, as the steep fall in the oil price since mid-2014 impacts demand. This was the only city in Hometrack’s index to see a fall in house prices.

The city with the strongest turnaround over the last 12 months has been Glasgow, where house price growth has accelerated from 1.8% a year ago to 8.0% tod,ay as prices recover off a low base in one of the most affordable of the 20 cities tracked by the index.