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Prediction For Best-Performing House Prices For 2024

Posted 21 December 2023 by Keith Osborne

Jonathan Rolande of the National Association of Property Buyers predicts the areas where house prices will be strongest in 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 RolandeJonathon 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

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 HomesCharleston 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.

Ramsgate

  • Spitfire Green from Barratt Homes, with two- and three-bedroom homes from £188,000 to £356,995.

 

Featured Developments
Halifax, West Yorkshire HX3
£399,995 - £479,995
Stonebrooke Gardens
Halifax, West Yorkshire HX3 
4 bedroom properties
Taylor Wimpey
Cleland, North Lanarkshire ML1
£284,995 - £284,995
Lime Tree Park
Cleland, North Lanarkshire ML1 
4 bedroom properties
Persimmon Homes
Liverpool, Merseyside L23
£325,000 - £445,000
Sundial Place DWH
Liverpool, Merseyside L23 
3 - 4 bedroom properties
David Wilson Homes
Liverpool, Merseyside L23
Price on application
Orchard Place
Liverpool, Merseyside L23 
Contact for more information
Castle Green Homes
Liverpool, Merseyside L31
£194,995 - £419,995
Summerhill Park
Liverpool, Merseyside L31 
2 - 5 bedroom properties
Persimmon Homes
Liverpool, Merseyside L31
£200,000 - £330,000
Poppy Grange
Liverpool, Merseyside L31 
1 - 2 bedroom properties
McCarthy Stone
Liverpool, Merseyside L14
Price on application
Canterbury Park
Liverpool, Merseyside L14 
Contact for more details
Keepmoat
Liverpool, Merseyside L31
Price on application
Eastbrook Village
Liverpool, Merseyside L31 
Contact for more details
Countryside
Aberdeen, Aberdeenshire AB12
Price on application
Charleston
Aberdeen, Aberdeenshire AB12
Contact for more details
Stewart Milne Homes
Aberdeen, Aberdeenshire AB12
£269,995 - £386,995
Charleston Green
Aberdeen, Aberdeenshire AB12
3 - 5 bedroom properties
Barratt Homes
Aberdeen, Aberdeenshire AB15
£207,995 - £329,995
King's Gallop
Aberdeen, Aberdeenshire AB15
3 - 4 bedroom properties
Barratt Homes
Aberdeen, Aberdeenshire AB15
Price on application
Hazelwood
Aberdeen, Aberdeenshire AB15
Contact for more details
Dandara
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  • Stonebrooke Gardens
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  • Sundial Place DWH
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  • Eastbrook Village
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  • Charleston Green
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