The Hometrack UK House Price Index analyses housing market trends at a city level on a monthly basis – across 20 cities, plus regions, and nationally.
Executive summary
- UK house price inflation increases to +1%, up from -0.9% a year ago
- Sales activity running at the highest level since the 2020 boom
- Pipeline of sales agreed is 30% higher than a year ago, at £113bn
- High supply of homes for sale and affordability pressures keeping house price inflation in check
- First-time buyers are the largest buyer group in 2024 (36% of sales)
- The dynamics of renting and buying have shifted, supporting purchases by first-time buyers
- A reversal of stamp duty land tax changes in the Budget could see 20% more FTBs paying this tax in England and N. Ireland
You can download the latest full report from the Hometrack website.