UK House Price Index For October 2024

19th December 2024

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

UK house prices rose by 3.4% in the year to October 2024, up from the revised estimate of 2.8% in the 12 months to September 2024. On a non-seasonally adjusted basis, average house prices in the UK increased by 0.2% between September 2024 and October 2024, compared with a decease 0.5% from the same period 12 months ago (September and October 2023).

The UK Property Transactions Statistics showed that in October 2024, on a seasonally adjusted basis, the estimated number of transactions of residential properties with a value of £40,000 or greater was 100,000. This is 21% higher than a year ago (October 2023). Between September 2024 and October 2024, UK transactions increased by 9.5% on a seasonally adjusted basis.

House price monthly increase was highest in the South West where prices increased by 1.5% in the year to August 2024. The highest annual growth was in the the North East, where prices increased by 4.7% in the year to August 2024.