The UK regions where property sells for the most right now as house prices rise - full list

The UK regions where property sells for the most right now as house prices rise - full list

Britons discuss house prices

GB NEWS
Sarra Gray

By Sarra Gray


Published: 22/05/2024

- 10:19

The areas where property sells for the most has been shared in new data

House prices have risen across the UK, which is good news for Britons looking to sell.

The latest Government House Price Index released today reveals the areas where you will get the most for your property.


On average, UK property values are up 1.8 per cent on this time last year, and up 0.7 per cent between February and March 2024.

Property in Scotland has increased the most month-on-month and values are up 2.3 per cent on last year, to £191,678.

Property for sale sign / estate agent doing viewings

House prices are highest in London

GETTY/PA

Despite having the biggest increase, it is the second most affordable place to buy a property in the UK. London had the biggest drop - with prices down 0.9 per cent - yet the capital has the priciest homes overall.

Regions with highest house prices

London - £499,663

South East - £373,223

East of England - £341,979

South West - £316,262

West Midlands Region - £246,298

East Midlands - £242,223

North West - £216,501

Wales - £213,753

Yorkshire and The Humber - £209,868

Scotland - £191,678

Northern Ireland - £178,499

North East - £158,569

The average property price is £282,776, up from £277,855 in March 2023.

Detached properties will fetch the most and have had the biggest increase in price, jumping from £429,319 to £440,085 during a 12-month period.

Property type worth the most

Detached - £440,085

Semi-detached - £275,684

Terraced - £230,406

Flat or maisonette - £229,813

Houses in London

House prices have increased in the UK

PA

An expert shared how the latest figures are good news for the property market and could show more to come.

Lomond CEO Ed Phillips said: “House prices have continued to creep up on a monthly basis as market confidence has grown."However, we’ve also seen the first annual rate of growth since June last year, which suggests that the market is very much heading in the right direction.

"So while homebuyers are still facing substantially higher borrowing costs, the outlook for the year ahead remains a positive one, particularly now that inflation has eased and an interest rate cut is on the horizon.”

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