Map predicts UK areas where property prices will rise most in 2024

The UK is in the midst of a ‘buyer’s market’ at the moment, where sellers are forced to slash asking prices due to reduced demand.

But there are a few parts of the country bucking this trend, so it’s not all bad news if you’re trying to make a sale over the coming year.

Jonathan Rolande, founder of the National Association of Property Buyers, said: ‘It has been estimated that, overall, all regions will experience house price falls next year, ranging between -1.5% and -4%. But with each passing week I think these predictions are looking wider and wider off the mark.

‘In fact, I believe many towns and cities outside of London can expect to see price rises every month throughout 2024.’

The expert predicts areas like Halifax in West Yorkshire and Motherwell in North Lanarkshire will weather the storm during the year ahead, while regions of the south east like Kent and Essex may struggle.

‘These are the areas which have enjoyed a golden period of price rises,’ commented Jonathan. ‘That couldn’t last forever and we are now seeing prices begin to flatten and fall.’

Regarding the areas expected to see price jumps, he added: ‘Two things are driving price rises in these areas. One is a shortage of available property and the second is the fact there is no clear roadmap to housebuilding to address that supply shortage.

‘Buyers in these spots are therefore willing to pay a little bit more as they are desperate to get their foot on the ladder.

‘The Government’s plans for house building in 2024 are really low key in terms of what is needed. And this will have a knock on impact in helping prices to rise in these areas.’

One London region – Rotherhithe in the Borough of Southwark – made Jonathan’s list of predicted price rise hotspots, perhaps due to the regeneration works underway in nearby Canada Water and a scarcity of housing stock in the area.

He says that homeowners in the south east will probably sell their properties for ‘a lot more’ than they paid for it, ‘But the days of being able to make huge profits on properties in these areas are gone,’ – at least for 2024.

The other locales included in the ranking are spread around the country, each based on the amount they’ve risen in recent months and the availability of properties for sale.

Jonathan added that a General Election may also affect things across the board, as ‘a new Government can often inject a feel good factor into the market and into the economy.’

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