Manchester is now leading the way for house price growth across the UK's major cities, with property values there up by nearly 9% year-on-year - according to an index.
Hometrack, which tracks the movements of house prices across the 20 biggest cities, said London is now in 10th place in terms of year-on-year house price growth.
House prices in Manchester grew by 8.8% year-on-year in February. Portsmouth had the next highest annual house price growth, at 8.1%, followed by Bristol at 8%, Glasgow at 7.7% and Birmingham at 7.4%.
In London, annual house price growth has continued to slow, reaching 5.6% in February - the weakest rate seen there since May 2013.
Hometrack said house price growth in London is now acting as a drag on the overall rate of house price growth across the UK's major cities.
The average annual house price increase across the UK's major cities is 6.4% - higher than in London.
Meanwhile, Aberdeen remains the only major city in the index where house prices have fallen year-on-year, with a 5.9% tumble.
Hometrack said affordability levels in southern cities like London, Bristol, Oxford and Cambridge is stretched, with the housing market also being affected by weaker investor demand and the impact of the Brexit vote.
The report continued: "While growth in Manchester has hit close to 9%, the supply/demand dynamics are not strong enough in regional cities outside southern England to support double digit rates of house price growth."
Richard Donnell, insight director at Hometrack said: "Buyers are fully aware of the Government's plans and timescales for Brexit but there remains huge uncertainty over what this means for the economy over the next two to three years and beyond.
"In cities where affordability remains attractive we expect demand to hold up in the short term albeit with slower growth in sales volumes. Overall we continue to expect the rate of house price growth to moderate over the rest of 2017."
Here are average house prices in February in the 20 cities in Hometrack's index, and the year-on-year increase:
1. Manchester, £151,800, 8.8%
2. Portsmouth, £225,600, 8.1%
3. Bristol, £261,900, 8%
4. Glasgow, £117,900, 7.7%
5. Birmingham, £148,300, 7.4%
6. Leicester, £162,400, 7.2%
7. Liverpool, £115,600, 6.8%
8. Bournemouth, £275,500, 6.2%
9. Southampton, £220,600, 6%
=10. London, £488,700, 5.6%
=10. Sheffield, £130,800, 5.6%
=10. Nottingham, £140,700, 5.6%
13. Edinburgh, £203,900, 5.5%
=14. Leeds, £154,800, 5%
=14. Cardiff, £193,700, 5%
16. Belfast, £127,700, 3.8%
17. Newcastle, £123,800, 3.7%
18. Oxford, £409,700, 3.4%
19. Cambridge, £418,400, 2.2%
20. Aberdeen £181,600 minus 5.9%
10 property hotspots
10 property hotspots
In Scotland, Edinburgh is seen as a city with huge growth potential. In 2014, prices in Edinburgh were up 10% in a post referendum boom that shows little sign of slowing down.
Local agents are not expecting quite such stellar growth for the next 12 months, but they think price rises will be well above the average predicted for the whole country.
Rightmove named this as the area where it expects house prices to grow the most over the next five years. It says that over this period there will be a huge number of people moving out of London in order to afford to get onto the property ladder. They want a reasonable commute combined with plenty of attractions in the local area, and Southampton offers all this. With relatively affordable housing stock, it's a prime candidate for growth.
Luton was Rightmove's candidate for the second biggest house price rises over the next five years. It emphasised that this isn't a mater of opinion, it is the result of crunching the data.
Luton is another major beneficiary of the move out of London, and while it is arguably not as attractive a place to live as Southampton, it's only 23 minutes into central London - which rivals some of inner London's commuter times. With average prices of £179,368, it's clearly a far more affordable option, and the area has already started to show signs of a boom.
This was the third area suggested by Rightmove. As with Southampton, it is well positioned for London commuters, and also has huge local attractions.
A survey last year asked young professionals to name the place they would most like to live, and Brighton and Hove were the only areas that appeared on the list outside London.
One of the reasons it's not higher up the list is that houses are already on the pricey side, with an average cost of £338,956 - up 13% in the past year alone.
There may be few people who grow up with the dream of living in Swindon, but the electrification of the rail line to London will bring travel times down across the West Country, so Swindon becomes part of the outer commuter area.
Given that the average property costs £168, 968, it's easy to see why Swindon will be a popular option for commuters on a tight budget.
Bath is also going to benefit from electrification of the line, because the commute to London will fall to a manageable 70 minutes. The beauty of the city - along with a vibrant social and cultural life - makes it a clear choice for more long-distance commuters.
Of course, with an average asking price of £374,617, it's not a tremendously cheap place to buy, but the geography of the city restricts development, so these prices are expected to rise still further.
Property Frontiers says that the booming house prices in Oxford are set to get even higher. At the moment, travel to London takes 60 minutes, but this will reduce even further in 2016 when the line is electrified. Prices in the most desirable parts of the centre aren't much cheaper than London.
However, further out there are pockets of affordability, and when the Water Eaton station opens in 2015 it will open up areas to the north of the city too.
Manchester has seen enormous property price rises over the last couple of years, and Property Frontiers expects this to continue into 2015.
Other commentators are expecting the growth to slow over the next few years, especially given the gains made since 2012. However, demand for properties remains buoyant, and with the growth of the local economy, price rises seem inevitable.
Rising prices in London have pushed buyers further and further out of the centre, so estate agents are now claiming zone three as 'the new zone 2'.
Savills believes that the biggest gains over the next five years will be the less glamorous districts - putting the South and East in the frame. Gritty areas that could benefit include Ladywell, Streatham and Catford in the south, and Leytonstone, Forest Gate and Walthamstow in the east.
Cambridge could also perform well. It has already had house prices lifted by the growth of tech companies to the north of the city, and the arrival of pharmaceutical headquarters will help push prices up further.
In 2016 a new rail service from the city to the science park will keep prices rising, and beyond the opportunities presented by the local economy, Cambridge is also part of the 'outer commute' area of London, which Savills expects to shoot up in value over the next five years.