UK new home prices 2024: London leads while Northern Ireland remains most affordable

London tops UK new home prices in 2024, while Northern Ireland remains the most affordable region for buyers.


By Rivendell Estates

13th Jan 2025 | Property News


London tops UK new home prices in 2024.
London tops UK new home prices in 2024.

The UK property market continues to showcase the significant role new homes play, contributing to nearly one in every five house sales annually.

In 2024, the average price paid for a new home across the UK was £505,978, reflecting a strong demand for modern, energy-efficient properties.

Below is a breakdown of average new home prices by region, listed in descending order:

• London: £940,467

• South East: £572,515

• East Anglia: £493,622

• South West: £456,192

• West Midlands: £370,162

• East Midlands: £368,267

• Scotland: £368,267

• Wales: £361,737

• North West: £351,412

• Yorkshire & Humber: £327,818

• North East: £313,131

• Northern Ireland: £279,827

London unsurprisingly tops the list, with average prices almost double the UK average, highlighting its premium market. In contrast, Northern Ireland sees the most affordable new home prices. Interestingly, East Anglia and the South East demonstrate robust averages, reflecting their appeal for both commuters and retirees.

This data underscores the diverse housing market across the UK and the continued importance of new builds in meeting buyer demands. As new homes make up a substantial portion of the market, understanding these regional variations can help buyers and estate agents navigate opportunities effectively.

If you are a Frome homeowner, first-time buyer or landlord and wish to know if a new home could (or could not) be an appropriate next property purchase, please call us on 01373 489888.

Share:

Related Articles

Heatmap showing rental growth across Frome over the past decade, with darker areas indicating the sharpest increases
Property News

A decade of change: how rents have risen across Frome

Where in Frome are the most homeowners still paying off their mortgage?
Property News

Frome: Homes Owned with a Mortgage – A Localised Snapshot

Sign-up for our FREE newsletter...

We want to provide frome with more and more clickbait-free news.

     

...or become a Supporter.
Frome. Your Town. Your News.

Local news is essential for our community — but it needs your support.
Your donation makes a real difference.
For monthly donators:
Ad-free experience