The Top 10 Cities Index April 2019

Do you want to know where the UK residential market is going?

Take a look at our latest report for April that analyses the UK residential property market and uses several AI based methods and new benchmarks to forecast future trends.

Our full reports include forward value predictions and reveals some interesting developments in both regional and urban property markets.

Click the image below to see a video introducing our 10 Cities report.

Click the image to watch the video

At Houseprice.AI we are committed to giving our clients advanced, accurate and granular data analytics and solutions.  If you would like a copy of the full version of this report, our Regional Overview reports, or to find out more about what we can do to help your business, please contact us at:

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Houseprice.AI is a RICS Tech Affiliate

Christmas for AI

Vivienne Brooks is the CCO of Houseprice.AI She has a long history as a Technical Software Support Guru, is a graphic artist and also has a strong background in Marketing.
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Please contact us if you have questions about Houseprice.AI , our AI data analytics app, want access to our API, or would like to schedule a demo.


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Impressionism for AI

Please contact us if you have questions about Houseprice.AI , Horizon, access to our API, or would like to schedule a demo.


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Avamore Capital partners with Houseprice.AI

In the run up to London Tech Week, 11th - 17th June, we were delighted to be asked by Avamore Capital to partner with them in their Proptech series that highlights the latest developments in property Technology.

They featured us in this article:
Introducing Houseprice.AI - the must have tool for every Developer

Avamore Capital also asked us to produce a short follow up film to demo some features of our app. Here is our CEO, Eldred Buck, talking about Insight.

Please click the image to watch the video on Avamore Capital's Youtube Channel

Vivienne Brooks is the CCO of Houseprice.AI She has a long history as a Technical Software Support Guru, is a graphic artist and also has a strong background in Marketing.

If you would like to know more information about Houseprice.AI , Horizon, or access to our API please feel free to contact us at

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New Year, new Chairman

Houseprice.AI is pleased to announce the appointment of Philip Challinor as non executive Chairman.

Eldred Buck, CEO of Houseprice.AI, said, "Philip’s long experience and cross disciplinary skillsets means that he is a fantastic addition to the Houseprice team".
Philip is qualified as both a Chartered Architect and a General Practice Chartered Surveyor. He has been President of the UK Chapter of FIABCI, and has sat on a number of RICS boards including The Sustainability Commission, The World Games Commission and the Management Consultancy Faculty.

If you would like to know more information about Houseprice.AI , Horizon, or access to our API please feel free to contact us at

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How do 2017-2018 students pay the rent?

The Government has increased the maintenance loan for students starting in September 2017 which means that freshers will be 2.8 % better off than those who are already doing their degree. This increase is matched by an increase in tuition fees by 2.8% in line with inflation which pretty much nullifies any benefit.

In London rental prices have decreased slightly, according to the Guardian, the typical new rent in London has fallen by 3% in a year, but the cost of food has increased by 2.3 % in the last 3 months and transport has risen. The Office for National Statistics said the Retail Price Index (RPI) measure of inflation, which is used to calculate train ticket prices, rose by 3.6% in July, up from 3.5% in June.

The Government expects parents who earn over 25 K to subsidise their student child. This varies enormously throughout the country, and sticks a hefty burden on parents looking at the rental market depending where their bright spark has decided to study.

For example take 4 sets of average parents in the Midlands all of whom earn over 50K
EC studies at Manchester. GW studies in Leeds. EB studies in London. LC studies in Sheffield. All 4 receive a Tuition loan of £9000.

Manchester Sheffield Leeds london
Tuition Loan £9000 £9000 £9000 £9000
Maintenance £5256 £3994 £5256 £5479
10 mths rent £6190 £0 £2320 £7312
Surplus £934 £3994 £2936 £1833

This means that the maintenance loan for GW and LC, who commutes from home, not only covers their rent but also gives them money for transport and food, maybe even the odd book, heaven forbid. We do remember they are supposed to be studying and even ebooks cost money?

LC has the best financial situation, although living at home may not give a student the life lesson of independence, budgeting and the social freedom living in student accommodation allows. EB has the worst situation. Her Maintenance loan does not cover her rent and her transport costs are higher in London. Like EC she needs financial assistance from her parents just to pay the rent, only twice as much. Food, transport, clothes, all this has to come from somewhere, and yet if you remember, our sample set of parents all earn roughly the same.

Parents with enough savings, or their own mortgage paid off may consider investing in accommodation. Outside of London the market is still slowly rising, but within housing has dipped. The Office of National Statistics (ONS) records London experiencing a £3,000 drop in the average price of a home to £482,000 in June from the previous month, but remains the most expensive UK region in which to own a property. So the investment may not be as sensible as it seems if they are left with a mortgage for a property that is worth less than they bought it for in 3 years.

This is not just in London, one of our clients recently shared an anecdote about student accommodation in Portsmouth. He was looking at the value of a flat that had previously been rented out to students. The owner reported that the value was now slightly depressed as a new student block had been recently erected adjacent to his property. Students who had previously lived in the surrounding area had moved into the new accommodation which resulted in the value of the previously tenanted housing dropping.

According to a recent survey on 80 % of students worry about money. Apart from scrounging money from friends, family and credit cards, many students are forced to work to supplement their income, often adversely impacting on the amount of time that they have to study. Parents without significant savings are taking out second mortgages or even relying on their own parents to help.

This also makes the student applying for a University place take the location into consideration. A University with a short commute time from home gives them the option of living at home and not having to pay any rent. Those outside London also have a small surplus of cash after paying rent. These students actually have the funds for a social life. Remember that?

Students at universities outside London pay significantly less rent so opting for a University based on location rather than the course is becoming increasingly more biased. Surely that is wrong, the emphasis should be on the aptness of the course not its location.

We haven’t mentioned that there is a proposal in the pipeline to increase tuition fees to £9,250. This is not only for new students, but also existing ones. How can this be when they have signed a contract? Apparently on page 3 of this contract the Government has the right to increase the fees at will, giving a further financial strain on this loan that will be with the student for the next 30 years. Interest rates on loans are rising to 6.1%, which will push up average student debt on graduation to more than £50,000, including maintenance loans. Students in England leave university with higher debts than almost anywhere else in the developed world, the Institute for Fiscal Studies said in July.

Charging £9,250 a year for an undergraduate degree makes England a real outlier by international standards. Even in the UK England does not compare well, Scotland has no fees for Scottish students, and fees in Wales and Northern Ireland are much lower.

There is no reflection in the cost of tuition as to the amount of hours the student is getting for their money. Those studying science require far more hours than those studying, say, English literature or history and yet this has no bearing on the cost of tuition.

Overall location pays a key role in the financial balance for both parents and students. But just remember, it is only for 3 years. Unless they decide to do a PHD of course!

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