Property values up according to Gov index
March 20, 2024
UK House Price Index for January 2024.
The latest index shows that
- House prices climbed by 0.5% between December 2023 and January 2024.
- House prices were down -0.6% year on year, although this rate of decline has reduced significantly from the -2.2% seen the previous month.
- London saw the largest increase on a monthly basis with a 2.5% jump.
- New-build house prices increased by 8.8% month on month versus a -0.5% reduction for existing homes.
- New-build properties also increased by 16.6% annually versus a -2.4% annual drop for existing properties.
You May Also Enjoy
Only 1 in 10 new-build homebuyers happy
Just 1 in 10 new-build buyers got the home they wanted before moving in The latest research from UK Property Development (UKPD) has found that just 11% of people who purchased a new-build home in the past two years were able to personalise their property exactly as they wanted before moving in. As a…
Read More 
One-third of tenant income in the UK goes on rent
Lomond’s Summer 2026 Quarterly Insights report reveals tenants now spend an average of 32.7% of their yearly income on rent UK average rents rise to £1,369pcm, increasing by +4.3% in the same period last year Average rent in London reaches £2,418pcm, 76% higher than the UK average The average age of renters across the UK is now 31.5 Lomond, the UK’s leading network of lettings and sales agents, has…
Read More 
Six in 10 UK businesses look to adapt operations in response to extreme heat
37 per cent have increased heat-related investment, with 23 per cent considering it Cooling equipment, including air conditioning and ventilation, is the most common investment priority (28 per cent) Barclays anonymised client data shows that air conditioning suppliers saw cash inflows increase by 4.3 per cent year-on-year into Barclays accounts Consumers claim 25.1°C is their…
Read More 
Weathering RRA: It’s Not a Storm, It’s the Climate
Opinion: This Isn’t a Storm Agents Can Wait Out – It’s the New Climate By Sally Lawson “Agents are heads-down, working their asses off to survive the RRA changes, to the detriment of everything else. But in order to get where they’re thriving too, agents must refocus and rebuild to make back the property…
Read More 
Breaking Property News 26/8/26
Daily bite-sized proptech and property news in partnership with Proptech-X. AI has Changed the value of proptech and legacy technology is paying the price AI has Changed the value of proptech and legacy technology is paying the price Thought leadership by Andrew Stanton For more than two decades, the value of proptech was built around…
Read More 
Commuter belt property values outperform every major UK city
The latest research from Yopa has revealed that house price growth across the commuter belt is outperforming the city itself across every major UK city analysed, with the gap as wide as 4.6 percentage points. Yopa analysed the annual rate of house price growth across 12 major UK cities and compared it to the…
Read More