Cambridgeshire sees house price increases, especially in East Cambridgeshire. Some UK areas see prices fall, like Kensington and Chelsea.
Cambridgeshire sees house price increases, especially in East Cambridgeshire. Some UK areas see prices fall, like Kensington and Chelsea.
Cambridgeshire House Prices Rise Highest, Lowest Averages Revealed
Prices in East Cambridgeshire jumped 8.1%, which is an extra £25,800 per house. This is the biggest rise in Cambridgeshire and almost double the UK average of 4.6%.
South Cambridgeshire house prices went up 5.3%, equaling an increase of about £22,000. The average house there now costs £451,000. Cambridge saw a 4.4% increase to £515,000, with the average home gaining more than £21,700.
Huntingdonshire’s average house price was £306,000, and Peterborough’s average home cost £233,000. The average price in Fenland was £225,000. These areas are all in Cambridgeshire.
More people bought homes in 2024, with Cambridge and East Cambridgeshire seeing more sales. East Cambridgeshire sales rose 8.1%, while South Cambridgeshire’s sales increased by 5.3 %. Cambridge saw a sale increase of 4.4%.
The UK average house price is £268,000, 4.6% higher than last year, adding about £12,000 to each house. However, some areas actually saw prices go down.
Forty-seven areas saw prices fall. Kensington and Chelsea had the biggest drop, where the average home cost £1.07 million, covering the year to December 2024. This average is the highest across the UK, yet, it’s 22.9% lower than the prior year.
Westminster prices fell 22.2% to £868,000, and Hammersmith and Fulham dropped 10.5% to £752,000.
Blackburn with Darwen was a property hotspot. The average home cost £159,000 in 2024, which is among the lowest in the UK. Prices rose 13.1% there from last year, the largest increase in the UK. Lisburn and Castlereagh followed at 11.4%, and Inverclyde’s increase was third with 11.1%.
Prices in East Cambridgeshire jumped 8.1%, which is an extra £25,800 per house. This is the biggest rise in Cambridgeshire and almost double the UK average of 4.6%.
South Cambridgeshire house prices went up 5.3%, equaling an increase of about £22,000. The average house there now costs £451,000. Cambridge saw a 4.4% increase to £515,000, with the average home gaining more than £21,700.
Huntingdonshire’s average house price was £306,000, and Peterborough’s average home cost £233,000. The average price in Fenland was £225,000. These areas are all in Cambridgeshire.
More people bought homes in 2024, with Cambridge and East Cambridgeshire seeing more sales. East Cambridgeshire sales rose 8.1%, while South Cambridgeshire’s sales increased by 5.3 %. Cambridge saw a sale increase of 4.4%.
The UK average house price is £268,000, 4.6% higher than last year, adding about £12,000 to each house. However, some areas actually saw prices go down.
Forty-seven areas saw prices fall. Kensington and Chelsea had the biggest drop, where the average home cost £1.07 million, covering the year to December 2024. This average is the highest across the UK, yet, it’s 22.9% lower than the prior year.
Westminster prices fell 22.2% to £868,000, and Hammersmith and Fulham dropped 10.5% to £752,000.
Blackburn with Darwen was a property hotspot. The average home cost £159,000 in 2024, which is among the lowest in the UK. Prices rose 13.1% there from last year, the largest increase in the UK. Lisburn and Castlereagh followed at 11.4%, and Inverclyde’s increase was third with 11.1%.