The average cost of a house in London, according to recently published data from the National Bureau of Statistics, was in December 2024. 549 000 pounds sterling. This is the same amount as a year earlier.
Thus, the market situation in the capital contrasts with the trends in the rest of the UK. In the country as a whole, prices increased by 4.6% in the year to December 2024 to 268,000 pounds. This is the fastest pace since January 2023.
Housing prices have risen the most in some of the most affordable regions. In Northern Ireland, Scotland, and Northeast England, property values increased by 9, 6.9, and 6.7% over the year, respectively.
Source: Financial Times
