New research has identified Great Britain’s top ten property price hotspots of 2024 – detailing where prices rose the most compared to properties in other locations.
The data reveals that Sunbury-on-Thames in Surrey is Britain’s leading property price hotspot of 2024, with the average asking price jumping an impressive 12.5 per cent, from £527,005 in 2023 to £592,976 by the end of 2024. Also known simply as Sunbury, the area is sought after for its beautiful riverside location, the plethora of restaurants and pubs and its scenic green spaces like The Walled Garden and Sunbury Park. Residents can also enjoy easy access to the M3 motorway and wider road network while Kempton Park and Sunbury Station offer convenient access to Central London and the surrounding areas.
Bristol City Centre came second, with average prices rising from £391,042 to £358,654 equating to a 9.0 per cent uplift. Swinton in Manchester came third, with prices also rising by 9.0 per cent, followed by Skelmersdale in Lancashire (+8.4%) and Gosforth in Newcastle Upon Tyne (+7.6%) making up the top five.
These property price hotspots buck the wider trend across the country, where the average asking price of a home rose by just 1.4 per cent last year, from £355,177 to £360,197.
Property price hotspots of 2024
Regionally, the North East saw the largest increase in average asking prices in 2024, with property prices rising by 4.2 per cent, followed by the North West with a 3.8 per cent increase while Wales took the third spot with a 2.9 per cent increase. London was the only region to experience a decline, with prices falling by 0.8 per cent, from £667,019 to £661,444.
Regional hotspots in 2024
The research also revealed that terraced houses saw the highest price growth in 2024, with average asking prices increasing by 2.2 per cent over the year. In contrast, flats were the weakest performers, with average prices rising by just 0.5 per cent.
The researchers from Rightmove, which conducted the research, forecast a 4 per cent increase in average property prices across Great Britain by the end of 2025. They also predict an uptick in market activity.
Rightmove’s Chief Data Officer, Steve Pimblett, commented: “2024’s list of hotspots is a mixed picture, with the North, South, Scotland and Wales all represented in the top 10. Agents tell us that good quality homes in popular areas have continued to attract buyer interest, even in the slower periods of the market since mortgage rates went up.”
Among the other key trends anticipated for 2025 is a recovery in London property prices, following the Capital’s weaker performance last year.
