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Surrey town had highest house price growth in 2024

Sunbury-on-Thames in Surrey saw the greatest house price growth in 2024, at an annual level of 12.5%.

The cost of homes in the town rose from £527,005 in 2023 to £592,976 in 2024.

Bristol City Centre is second on the list of hotspots, with average prices rising by 9.0% compared to the end of 2023, and Swinton in Manchester came third, with prices also rising by 9.0%.

These trends contrast the much more subdued growth in prices on average across Great Britain, where the average asking price of a home rose by 1.4% in 2024, from £355,177 to £360,197.

Steve Pimblett, chief data officer at Rightmove, said: “Despite a slow year for price growth overall, there will always be pockets of Great Britain which perform above the average, and 2024’s list of hotspots is a mixed picture, with the North, South, Scotland and Wales all represented in the top 10.

“Agents tell us that good quality homes in popular areas have continued to attract buyer interest, even in the slower periods of the market since mortgage rates went up.

“We predict that this year will be busier for the market in terms of price increases and sales, particularly if mortgage rates reduce.”

At a regional level, average asking prices rose the most in the North East in 2024 at +4.2%, followed by the North West (+3.8%) and Wales (+2.9%).

London was the only region where prices at the end of 2024 were lower than at the end of 2023, dropping by 0.8% or £5,575.

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