Indicators
UK House Prices Rise Close to Record High at End of 2024
- The average home costs £269,426, just short of a 2022 peak
- Prices increase more sharply in northern than southern England
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UK house prices climbed to within touching distance of a record high at the end of last year, according to industry figures from Nationwide Building Society, suggesting the resilient property market gathered more momentum.
The lender said prices rose 0.7% month-on-month to an average of £269,426 ($338,000), a fraction below the record high of £273,751 ($343,000) set in the summer of 2022.