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UK House Price Index – April 2024

Research and Insight March 2024
Top insights
Executive summary
Annual house price inflation is -0.2%, unchanged from February
Prices broadly static but sales volumes are up 12% year-on-year
64% of homes in markets with price falls, down from 82% last October
Higher mortgage rates continue to impact buying power
Annual mortgage costs for buyers are 61% higher than 3 years ago - two thirds down to higher rates and one third due to higher prices
Buyers in Southern England face greatest impact, compounded by stamp duty and other costs, which will keep price inflation in check
Price inflation split between south and rest of the UK to continue
The market is on track for 1.1m sales in 2024, up 10% on last year
- 0.2 %

Annual UK house price inflation

64 %

Market registering annual price falls

+ 61%

Increase in mortgage repayments for home buyers since March 2021

“The housing market continues to adjust to higher mortgage rates. Sales volumes are rising and house prices are flat. What the market needs most is continued price stability which will create the environment for continued growth in sales.

Richard Donnell Executive Director - Research
Measures of market activity continue to increase
Source: Zoopla Research
% change - 4 weeks to 21 April 2024 compared to same period in 2023