House prices rise across the UK as London veers into positive territory. But homeowners looking to sell must be wary of overpricing.
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Our sold house prices come from HM Land Registry, Registers of Scotland, official survey records, Royal Mail and Ordnance Survey.
The latest news on house prices
Stay up-to-date with what's happening in the housing market.
Mortgage rates are not expected to fall further this year, but rising wages are likely to improve affordability for buyers as house prices stay flat.
Buyers are paying a greater proportion of the asking price. Here’s the latest on the UK housing market from the Zoopla House Price Index: July 2024.
House prices are now at 0% inflation but are expected to rise by 1.5% by the end of the year. Here’s the latest on the UK housing market from the Zoopla House Price Index: June 2024.
The average house price today is the same as it was in May 2023: £264,900. But some areas are rising while others are falling. Find out what’s happening near you.
House prices have fallen 0.1% over the last year while market activity continues to improve with a higher supply and more sales agreed. Here’s the latest on the UK housing market from the Zoopla House Price Index for May 2024.
The supply of homes for sale has hit a five year high with 20% more homes on the market compared to this time last year.
House prices fall -0.2% over the last year while market activity improves with more sales and mortgage approvals. Here’s the latest on the UK housing market from the Zoopla House Price Index for April 2024.
Home buyers are currently facing an annual increase of £4,300 on their mortgage repayments, rising to £7,500 in London.
The new national average house price is £264,500 in April 2024. Check out a host of hot properties available for around that price right now.
Buyer confidence is improving and 12% more homes are going under offer compared to this time last year. Mortgage approvals for home purchases are also up 32%.
Too good to be true? Not so. If you're after a renovation project, investment opportunity , we've got 10 properties for sale for £10,000 or less.
Keep track and satisfy your curiosity
Track a property to see how its price estimate changes each month, get local area insights and find out what nearby homes are selling for.
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Check out our latest House Price Index
Find out what's happening with house prices and get the latest housing market trends in our monthly House Price Index.
Our experts answer your questions
Are UK house prices falling?
Yes, UK house prices are falling slowly as the market continues to get used to higher mortgage rates. The average house price in the UK is now £263,600. This is no change compared to a month ago and a fall of -0.5% (or £1,200) compared to a year ago.
Read more in our House Price Index: February 2024.
Will property prices keep falling in 2024?
It depends where in the country you live as the trends vary based on the overall affordability of homes and the level of house prices in each property market. The rate of falls will continue to slow and house prices are likely to broadly track sideways at current levels during 2024.
How do mortgage rates affect house prices?
When mortgage rates are higher, it makes borrowing money to buy a house more expensive. This reduces demand and usually means lower house price growth.
Average mortgage rates are currently between 4% and 5% and are likely to stay at this level for the foreseeable. Try our mortgage calculator to see how much you could borrow.
Does Zoopla have all sold house prices in the UK?
We get our sold house prices from HM Land Registry and Registers of Scotland each month, but it can take up to 6 months for sales to appear in our data. They also don't provide some property prices, such as the sale of a share or a transfer after a divorce. If we don’t have a sold house price, get an instant valuation instead.
Why are UK house prices so high?
The biggest house price growth in recent times came between 2020 and 2022, when low mortgage rates and then the pandemic boosted demand from buyers. 12 in 13 homes increased in value by an average of £19,000 in 2022.
In 2023, this rate of growth slowed down. 3 in 5 homeowners saw their homes hold their value or rise - by £7,800 on average.
What's happening with London property prices?
London has the most expensive homes in the UK, but the average value of a London home is just 8% higher than 7 years ago. For the rest of the UK, this figure is 28% higher, showing that London homes are becoming better value for money.
The cheapest places to buy a home in London are Plumstead, Deptford and Thamesmead East.
Thinking of selling?
Get the ball rolling with an in-person valuation of your home. It’s free and there’s no obligation to sell if you change your mind.
