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UK House Price Index – November 2024

Research and Insight
Top insights
Executive summary
Housing market returns to growth in 2024, supported by rising incomes and lower mortgage rates
All regions and countries recording positive year-on-year growth, with the UK average at +1.5%, up from -1.2% a year ago
Housing market has now largely adjusted to higher borrowing costs
UK house prices are projected to rise by 2.5% in 2025, with a 5% increase in the volume of housing transactions, predicted at 1.15m
More buyers will pay higher stamp duty in England and Northern Ireland, which will act as a drag on price inflation
Mortgage rates are unlikely to change over 2025 but we expect lenders to innovate affordability assessments, supporting demand
+ 1.5 %

YoY UK house price inflation (October 2024)

2.5 %

Projected UK house price inflation in 2025

1.15m

Projected number of housing transactions in 2025

“The housing market has returned to growth in 2024 thanks to rising incomes and lower mortgage rates. We expect house prices to rise by 2.5% over 2025 with 5% more sales compared to 2024. The best market conditions will be seen in regional markets where affordability is less of a barrier to moving.”

Richard Donnell Executive Director - Research
Sales market activity records strong end to the year
Source: Zoopla Research
% change - 4 weeks to 24 Nov 2024 compared to the same period in 2023