Prediction For Best-Performing House Prices For 2024

The National Association of Property Buyers (NAPB) says a shortage of available homes and the “low-key” plans for housebuilding next year will benefit many sellers, and has announced its predictions for the areas where house prices will increase most over the next 12 months.

NAPB spokesman Jonathan Rolande said: “It has been estimated that, overall, all regions will experience house price falls next year, ranging between -1.5% and -4%. But with each passing week I think these predictions are looking wider and wider of the mark.

“In fact I believe many towns and cities outside of London can expect to see price rises every month throughout 2024.”

The areas bucking the trend for house price rises were Halifax in West Yorkshire (3.6%), Motherwell in North Lanarkshire in Scotland (2.4%) and Rolande believes these regions – along with Margate, Ramsgate, Bolton, Liverpool, Reading, Derby, York, Rotherhithe in London, and Aberdeen – will perform well again in 2024.

“These are all areas where property prices are rising,” he said. “And I don't see any evidence of that changing in 2024 given the way the market is going.

“Two things are driving price rises in these areas. One is a shortage of available property and the second is the fact there is no clear roadmap to housebuilding to address that supply shortage. Buyers in these spots are therefore willing to pay a little bit more as they are desperate to get their foot on the ladder.

Rolande said London and parts of the South East, including in Essex and Kent, will find it harder to secure house price rises.

NAPB spokesman Jonathon Rolande Jonathon Rolande of the NAPB

“These are the areas which have enjoyed a golden period of price rises,” he said. “That couldn't last forever, and we are now seeing prices begin to flatten and fall. If you own a property in London, Essex or Kent you are still in a brilliant position as it is likely to be worth a lot more than you paid for it. But the days of being able to make huge profits on properties in these areas are gone. They may return of course, but they are unlikely to in 2024.

“This could also help prices to rise. A new government can often inject a feel-good factor into the market and into the economy. After a challenging 2023 this will be welcomed by those working in the sector.”

Here are some great examples of current new homes developments in the NAPB’s predicted best-performing areas.

Halifax, West Yorkshire

Stonebrooke Gardens from Taylor Wimpey, three- and four-bedroom homes from £284,995 to £459,995.

Motherwell, North Lanarkshire

Lime Tree Park in Cleland from Persimmon Homes, with one current four-bedroom house at £295,000.

Liverpool, Merseyside

Sundial Place from David Wilson Homes, with one current three-bedroom house at £355,500.
Orchard Place from Castle Green Homes, with two-, three- and four-bedroom properties between £246,995 and £499,995.
Summerhill Park from Persimmon Homes, with three- to five-bedroom houses from £276,995 to £419,995.
Poppy Grange from McCarthy Stone, where one- and two-bedroom apartments for over-60s are priced from £200,000.
Canterbury Park from Keepmoat, with three-bedroom homes from £299,995.
Eastbrook Village from Countryside, with three- and four-bedroom houses £269,995 to £379,995.

Charleston from Stewart Milne Homes

Aberdeen

Charleston from Stewart Milne Homes, with three- to five-bedroom properties from £279,950 to £359,950
Charleston Green from Barratt Homes, with four-bedroom houses from £292,995.
King’s Gallop from Barratt Homes, where three- and four-bedroom properties a priced from £209,995 to £389,995.
Hazelwood from Dandara, with three- to five-bedroom homes from £259,995 to £549,995
The Grange from Dandara, with four- and five-bedroom homes priced from £499,995 to £599,950.
David Wilson @ Countesswells, with four-bedroom homes starting at £349,995.
Riverside Quarter from Barratt Homes, with two-, three- and four-bedroom houses priced from £184,995 to £274,995.
Westburn Gardens from Barratt Homes, with two- and three-bedroom homes from £189,500 to £334,995.

Reading, Berkshire

Bankside Village from St Edward, with two-bedroom apartments priced between £430,500 and £565,000.
Green Park Village from St Edward, with one- and two-bedroom apartments priced from £305,000.

Derby

Derby Square from Keepmoat, with properties priced from £212,995 to £279,995.
Manor Kingsway from Tilia Homes, with three- and four-bedroom properties priced from £188,100 to £355,250.

Margate, Kent

Westwood Point from Linden Homes, with properties from £149,900 to £264,995.
Orbit at Westwood Point, where Shared Ownership homes start at £26,950 for a 35% share.
Artemis View from Bovis Homes, with two-, three- and four-bedroom homes from £110,000 to £424,995.

Bolton, Greater Manchester

Woodland Gardens from Hive Homes, with two- and three-bedroom houses from £225,000.

York

The Cocoa Works from Latimer, with studio, one-, two- and three-bedroom apartments with prices from £249,950 on the open market and from £69,650 (35% share) for a Shared Ownership home.