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
- Annual house price inflation is -1.1%, down from +7.2% a year ago.
- Market sentiment improving with new sales agreed +17% year-on-year.
- House price falls starting to moderate as sales improve.
- Mortgage regulations a key reason for only modest price falls in 2023, along with strong labour market and rapid earnings growth.
- First-time buyers are largest group of would-be movers in next 2 years (40%) followed by upsizers (34%).
- Almost half of buyers living in southern England looking to move >10 miles in search of better value for money.
- House prices to fall 2% over 2024 with 1m sales.
You can download the latest full report from the Hometrack website.