Ho ho ho! The HM Land Registry (HMLR) has delivered an early Christmas present with the UK House Price Index for October 2024.
🎅 Santa’s Highlights:
Average House Prices: Up by 0.2% since September 2024, bringing festive cheer to homeowners.
Annual Price Rise: A jolly 3.4%, making the average property in the UK worth £292,000.
🎁 England’s Stocking Stuffers:
Monthly Increase: A slight 0.1% rise since September 2024.
Annual Growth: 3%, with the average property value now at £309,000.
🎄 Regional Christmas Surprises:
South West: The star on top of the tree with a 1.5% monthly increase.
North East: A bit of a Grinch with a -1.6% monthly fall, but still the highest annual rise at 4.7%.
London: A modest -0.2% annual growth, but still sparkling in the festive lights.
For more details, unwrap the full report here.
If you need further information or legal advice, including conveyancing services in England, our dedicated UKRE team – Anna Douglass, Alastair Hargreaves, Caren Vidamour, and Hannah Damant – are here to spread holiday cheer and assist you.
Wishing you a Merry Christmas and a prosperous New Year from our UKRE Team.