House prices across the UK’s 20 largest cities rose by 6.4% between January and June in 2015

And they are on track for a figure of 10% by the end of the year.

The Hometrack UK Cities House Price Index showed the fastest growth in London, then Oxford, with Glasgow coming in third.

Aberdeen was the weakest performer with house prices flat in the first half of the year.

Year-on-year rate growth in the 20 cities was 8.4% for June with an average price of £226,200, although the values vary vastly between cities with a massive 11.6% increase in Cambridge and a minute 2.9% increase in Liverpool.

The report said Oxford and Cambridge continued to perform like extensions of the London market.

Hometrack predicted the second half of 2015 would see prices in the 20 cities prices continue to increase with a final rise of 10%.

Hometrack director of research Richard Donnell said: “Rising demand for property against a backdrop of low supply continues to push city level house prices higher.

“At 8.4%, city level house price inflation is running higher than the overall UK rate. While house price growth might moderate slightly in H2, it looks increasingly likely that city level house price growth will return to double digits by the year end.

“The greatest risk facing the housing market is an upward movement in interest rates, which would check market sentiment, cool demand and result in a marked slowdown in house price growth.”