House prices showed recovery in 2024

House prices returned to growth in 2024, as half of the UK’s housing stock increased in value by an average of £7,600*.

Last year, 15 million homes in the UK rose in price by at least 1%, with 6.9 million increasing by £10,000 or more. Nearly six million homes stayed at broadly the same price, with a minimal change of +/- 1%. Meanwhile, a third of homes (9.2 million) decreased in value by 1% or more – an improvement on 12.8 million in the previous year.

Housing affordability continued to vary regionally, as 63% of homes in Scotland and the north of England registered value gains in 2024. However, only 36% of homes saw the same rise in southern England.

Hoping to move in 2024? Get in touch for mortgage advice.

Your home may be repossessed if you do not keep up repayments on your mortgage

^*Zoopla, 2025

31 March, 2025

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