UK house prices rise in Sept. ’24

Average UK house prices increased by 2.9 per cent to £292,000 in the 12 months to September 2024, up from a 2.7 per cent growth rate in August.

House prices rose in England to £309,000 (2.5 per cent), in Wales to £217,000 (0.4 per cent), and in Scotland to £198,000 (5.7 per cent).

Meanwhile, average UK private rents saw an 8.7 per cent increase in the 12 months to October 2024, up from 8.4 per cent in September.

Rents rose to £1,348 (8.8 per cent) in England, £766 (7.9 per cent) in Wales, and £976 (6.6 per cent) in Scotland. In Northern Ireland, average rents increased by 9.0 per cent in the 12 months to August 2024.

In England, rent inflation was highest in London at 10.4 per cent and lowest in Yorkshire and the Humber at 5.9 per cent in the 12 months to October 2024.

Attribution: The Office for National Statistics (ONS)

Subediting: Y.Yasser