The housing market winners and losers for 2024 have been revealed by hybrid agency Yopa.

It analysed the latest official figures and found prices are up 5.1% so far this year. The North East tops the regional table with a jump of 7.3% compared to 1.4% in London, which has the lowest rate of growth.

Huge rise

But the Causeway Coast and Glens area of Northern Ireland has seen the average house price climb by a huge 13.8%.

Oxford ranks second where house prices are up 12.5%, with Blackburn with Darwen sitting third with a 12.1% increase.

Other areas to make the top 10 include Clackmannanshire (11.5%), Tewkesbury (11.2%), Tower Hamlets in London (11%), Moray (10.8%), Renfrewshire (10.2%), East Renfrewshire (10%) and Bassetlaw (9.8%).

Biggest fall

The biggest reduction in house prices since the start of this year is in the City of London with a fall of 14.5%.

Kensington and Chelsea has seen the average house price drop 12.5%, whilst across Westminster property values are down 10%.

Other areas to make the top 10 largest reductions include the Western Isles (-6%), Camden (-4.7%), Gwynedd (-4.5%), the Isle of Wight (-4.4%), South Hams (-4.3%), Hammersmith and Fulham (-3%) and Worthing (-2.3%).

The top 10 highest rates of growth include areas from the length and breadth of the UK.”

Verona Frankish (main image), CEO of Yopa, says: “Despite the ongoing challenges faced, particularly with respect to higher mortgage rates, it’s been a largely positive year for the UK property market.

“We’ve seen buyers returning, more offers being made and accepted and house prices rising consistently throughout the year.

“In fact, property values have climbed notably across many areas of the market, and the top ten highest rates of growth include areas from the length and breadth of the UK,” she says.

Strong finish for housing market in 2024 – Zoopla

House prices reported up last month across many parts of UK – RICS