UK House Price Index for July 2024

18th September 2024

The UK HPI shows house price changes for England, Scotland, Wales and Northern Ireland.

On average, house prices have risen 0.6% since June 2024
there has been an annual price rise of 2.2% which makes the average property in the UK valued at £289,000.

UK house prices rose by 2.2% in the year to Jul 2024, down from the revised estimate of 2.7% in the 12 months to June 2024. On a non-seasonally adjusted basis, average house prices in the UK increased by 0.6% between June 2024 and July 2024, down from the same period 12 months ago (June and July 2023).

The UK Property Transactions Statistics showed that in Jul 2024, on a seasonally adjusted basis, the estimated number of transactions of residential properties with a value of £40,000 or greater was 91,000. This is 6.7% higher than a year ago (July 2023). Between June 2024 and July 2024, UK transactions decreased by 0.6% on a seasonally adjusted basis.

House price monthly increase was highest in East Midland where prices increased by 1.3% in the year to July 2024. The highest annual growth was in the The North East, where prices increased by 3.8% in the year to July 2024.

Read the full report HERE