2024 Q1: UK house prices rise 1.8% YoY to £283,000, first increase since June 2022, with some regions positively growing.

London house prices fell, while some UK boroughs, such as Northern Ireland and Scotland, managed positive growth in Q1 2024. The average house price across the UK increased by 1.8% in the 12 months to March, reaching £283,000. This marks the first increase in average UK house prices since June 2022, indicating potential revival in the property market. Rent price inflation also showed signs of deceleration.