Results Are In – these places saw 2024’s best capital appreciation 

Results Are In – these places saw 2024’s best capital appreciation 


Todays other news
The current controls come to an end on March 31...
The agency is also seeking other partnerships in Portugal...
The investment was supposed to be for a city centre...
The first one is in Manchester - but will the...
Grainger is selling its low-yield stock and pinning its hope...

Online estate agency Yopa has analysed the locations and their ranking as the winners and losers in 2024 based on house price growth since the start of the year.

The agency analysed the latest Gov UK house price figures looking at the rate of house price growth seen since January, with the data showing that: –

  • Across the UK as a whole, house prices are up 5.1% so far in 2024;
  • Regionally the North East tops the table having seen a jump of 7.3% versus 1.4% in London – the region with the lowest rate of growth;
  • However, when it comes to the house price winners in 2024, it’s one area of Northern Ireland that tops the table. The Northern Irish area of Causeway Coast and Glens has seen the average house price climb by a huge 13.8% since the start of the year alone, the highest rate of growth in the UK;
  • 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 (11%), Moray (10.8%), Renfrewshire (10.2%), East Renfrewshire (10%) and Bassetlaw (9.8%);
  • When it comes to the property market losers in 2024, London accounts for 50% of the top 10;
  • The biggest reduction in house prices since the start of this year has been seen across the City of London with a fall of -14.5%;
  • Kensington and Chelsea has seen the average house price fall by -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%).

A Yopa spokesperson 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 10 highest rates of growth include areas from the length and breadth of the UK.

“Not such great news if you live in London’s high-end neighbourhoods though, with prime boroughs accounting for half of the worst performing areas in 2024.”

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Property Investor Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
The investment was supposed to be for a city centre...
The first one is in Manchester - but will the...
From the ninth floor upwards the flats are open market...
Will Non Doms quit the UK if the government changes...
Spain’s draconian new tax is already spooking British investors...
The Budget has forced a revision of forecasts for the...
Prices and sales volumes will grow in 2025 despite the...
Recommended for you
Latest Features
The current controls come to an end on March 31...
The agency is also seeking other partnerships in Portugal...
The investment was supposed to be for a city centre...
Sponsored Content
As the property industry shifts towards sustainable practices, Inspired Property...
Are you concerned about rising interest rates and their potential...
In the ever-evolving landscape of property investment, staying ahead of...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here