In Bournemouth, for example, average house prices fell 1.4% in the year to April, and by 1.1% in Southampton. In London, where average house prices stand at £535,700, the highest of any region, prices fell by 0.7% in the year to March. Scottish house prices remain in positive territory, according to Zoopla, rising 2.2% annually (average house price is now £162,600). Average prices in Scotland stood at £194,000 in November 2023, according to the ONS and average prices in Northern Ireland were recorded at £180,000 for September 2024. Asking prices rose £4,571, on average, in real terms, taking average house prices up to £359,748, although prices are still 0.7% lower than in January 2023.

Source: The Times June 18, 2024 01:54 UTC