Residential Sales Value Portal

Welcome to Lambert Smith Hampton’s Residential Sales Values Portal (RSVP), your visual guide to residential per sq ft values across the UK. The map utilises a variety of statistics to illustrate key residential pricing indices at the local authority level. Simply click on the map below to assess residential values, property prices and prevailing affordability levels across the UK.

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HOUSE PRICES RETURN TO GROWTH IN H1

Following a year of falling prices in 2023, average UK residential property prices returned to growth in the first half of 2024, reflecting improving financial conditions and consumer sentiment. According to ONS, average UK house prices increased by 3.4% in H1 2024, comfortably reversing the 2.8% fall in prices witnessed over 2023.

At the regional level, Yorkshire & The Humber saw the strongest growth in H1, with average prices increasing by 5.4%. In contrast, the rebound was least-felt in Greater London, where average prices increased by 2.4% over the period.

The capital nonetheless remains by far the most expensive area of the UK, with average values equating to £763 per sq ft. This is 84% higher than the average for the South East, the second most expensive region of the UK.

Beyond Greater London and the UK’s southernmost regions, average values are relatively uniform across the other regions of the UK. The North East is home to the lowest average values, reflecting £172 per sq ft, while values in Wales, Yorkshire and The Humber, the North West and Midlands are within a relatively tight range of £217 to £265 per sq ft.

Notable contrasts in price movements were evident at the more local level during H1. Some of the most significant price increases over the period were apparent in relatively remote parts of the UK. The Scottish islands of the Orkneys and Shetlands recorded the strongest growth of the UK’s 360 districts in H1, with prices rising by 14% and 16% respectively.

That said, relatively rural areas also featured prominently at the other end of the scale. Na h-Eileanan Siar (Outer Hebrides) and the Welsh districts of Anglesey and Gwynedd all saw notable price falls in H1 2024. This pattern contrasted significantly from the previous half-year period for H2 2023, where the prime London districts of Westminster and the City were among the worst affected.

HIGH VALUE VARIANCE ACROSS THE EAST REGION

The spread of residential values within the UK regions is tightest in the North East, with the most expensive district of Northumberland (average £211 per sq ft) commanding a relatively modest 51% premium over the region’s least expensive district of Hartlepool (average £141 per sq ft). The second lowest intra-regional variation between districts is in the South West, where the average price spread is 57% between the most expensive and least expensive districts, namely Cotswold and Plymouth respectively.

Beyond the extremes associated with Greater London, the East of England exhibits the highest regional spread in average pricing between districts, standing at 167%. This stems from significant variability in commutability into Central London, with the East region’s most expensive district of St Albans (£624 per sq ft) being far better connected with the capital compared with the region’s least expensive area of Fenland (£235 per sq ft).