House prices have shown recovery across the UK with values increasing in 11 parts of the UK, new data has shown.
Those in Belfast will benefit from the biggest house price rises across the UK, according to Zoopla's latest House Price Index.
UK house prices dropped down by 0.3 per cent between February 2023 and February 2024, but 11 regions have experienced increases in the value of their homes.
Belfast properties have risen in value the most at 4.5 per cent, while property in Southampton has seen the biggest drops in value.
The latest house price changes have been shared
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Annual house price change
1. Belfast - up 4.5%
2. Glasgow - up 2.6%
3. Sheffield - up 1.3%
4. Edinburgh - up 1.2%
5. Leeds - up 1%
6. Manchester - up 1%
7. Liverpool - up 1%
8. Newcastle - up 0.8%
9. Birmingham - up 0.6%
10. Cardiff - up 0.6%
11. Aberdeen - up 0.3%
12. Nottingham - down 0.2%
13. Oxford - down 0.3%
14. Bristol - down 0.6%
15. Leicester - down 0.7%
16. Cambridge - down 1.1%
17. Bournemouth - down 1.7%
18. Portsmouth - down 1.8%
19. Southampton - down 2%
Houses across the country are showing higher house price inflation than six months ago and the number of sales and pricing levels are recovering.
In fact, February 2024 saw nine per cent more property sales than in the same period last year, with the strongest growth in sales being found in the north west.
Overall, properties in the south have benefitted the least from increasing house prices but more growth is expected as sellers return to the market. The research added no further house price drops are expected in 2024.
Zoopla executive director of research Richard Donnell said: "The fact that buyers and sellers are agreeing more sales is positive and evidence that house prices don't need to fall further to support the continued recovery in sales.
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Property prices in Belfast have increased the most
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"Buyers remain price sensitive, however, and continue to negotiate on price. Our view is that a greater availability of homes for sale will also keep price rises in check.
"We find that a third of homes for sale have been on the market for more than three months and are still listed at the original asking price. These are potential candidates for a possible reduction in the asking price to attract more buyer interest.
"This is purely at the discretion of the seller and the sales price they require to unlock their next home move."
This comes as the region where you can sell your home the quickest was shared, selling nearly twice as fast as the UK average.
