Stoke-on-Trent Leads UK in House Price Growth as London Values Decline

Affordable cities like Stoke saw double-digit price increases, while high-cost London boroughs experienced notable drops in 2024.

Stoke-on-Trent recorded the highest annual house price growth in the UK, with a 17.2% increase, raising the average property value to £227,002.
Huddersfield saw the steepest decline, with house prices falling 6.6%, while seven of the ten areas with the largest drops were in London boroughs, including Westminster, Ealing, and Southwark.
Slough and Oldham followed Stoke with significant growth, with property prices rising 14.9% and 14.6%, respectively, driven by affordability and demand from first-time buyers.
London remains one of the least affordable housing markets in the UK, with a house price-to-earnings ratio of 8.22 compared to the national average of 6.55.
Experts predict UK house prices to grow at a similar or slightly faster rate in 2025, with affordability trends continuing to drive regional variations.