House prices: The UK regions where property is worth the most - is your area on the list?

House prices: The UK regions where property is worth the most - is your area on the list?

Liam Halligan discusses house prices

Sarra Gray

By Sarra Gray


Published: 20/12/2023

- 10:55

Property prices have changed over the last year and a study shows where houses are worth the most

Britons have dealt with a turbulent property market this year.

However, some regions have fared better than others at holding property values according to new data.


The latest Government House Price Index shows property prices have dropped by -1.2 per cent in the year to October 2023.

Houses in London have been valued the highest at an average of £515,504.

London

House prices were highest in London

PA

Highest house prices by region

London £515,504

South East £389,223

East of England £348,615

South West £330,260

West Midlands Region £253,130

East Midlands £245,632

North West £215,719

Wales £214,100

Yorkshire and The Humber £208,188

Scotland £191,233

North East £161,237

The North East had the lowest property prices but the region did the best in terms of price decline as it held the value at the same time last year.

Yorkshire and The Humber had the second lowest decline, at -0.2 per cent.

London has the highest house prices but it has also had the biggest drop.

House prices declined by -3.1 per cent in the last year, well above the national average.

House for sale

The regions with the highest house prices were shared

GETTY

Detached homes are worth the most and sell for an average of £457,222.

Semi-detached properties fetch £281,658 on average, terraced homes get £234,553 and flats sell for £225,803.

While property prices have dropped, an expert suggested they are set to rise in 2024.

They shared the 11 UK regions where house prices will soar the most next year.

You may like