The average house price sits at £281,000, according to the ONS House Price Index released today.
This was an annual increase of 1.1 per cent and a monthly rise of 0.3 per cent.
The most recent data shows prices for April 2024 and revealed which regions in the UK had the biggest price rise.
Average house prices increased in England to £298,000 (up 0.6 per cent), in Wales to £208,000 (up 0.4 per cent), in Scotland to £190,000 (up 4.5 per cent) and in Northern Ireland to £178,000 (up four per cent).
The areas with the biggest price rises have been shared
PA
Over the last 12 months, property prices have risen the most in Scotland (4.5 per cent), closely followed by Northern Ireland (up four per cent).
The South East of England and London were the only regions to see the average property price drop, at 0.4 per cent and 3.9 per cent respectively.
Despite the drop in value, London still had the highest average house price at £501,880. The South East has the second highest value at £375,067.
The North East of England has the most affordable property at around £158,133, followed by Northern Ireland at £178,499 and Scotland at £190,345.
House price changes
Scotland – up 4.5% (£190,345)
Northern Ireland – up 4% (£178,499)
North West – up 3.8% (£216,714)
West Midlands – up 2% (£246,292)
South West – up 1.8% (£317,911)
East Midlands – up 1.1% (£242,132)
North East – up 1% (£158,133)
East England – up 0.4% (£335,448)
Wales – up 0.4% (£208,184)
Yorkshire and The Humber – up 0.2% (£203,110)
South East – down 0.4% (£375,067)
London – down 3.9% (£501,880)
This comes as an expert warns of four minor home repairs to consider or risk scaring off potential buyers.
Property expert from SAM Conveyancing Andrew Boast said: “We all know the secrets to increase a property’s curb appeal for selling, such as painting and decluttering, but some hidden factors can negatively affect the asking price and even stop a sale.
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Houses in Scotland have risen the most on average
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“This is why addressing these less obvious problems is crucial to ensure a smooth and successful sale.”
He added mould, asbestos, poor wiring and Japanese Knotwood are all likely to deter potential buyers.
The expert said: “It is always best to look at your property with fresh eyes and imagine you are seeing it for the first time.
“Also, let no good deed go untold, and give potential buyers certificates for any work you’ve had done. This will keep your buyer happy and give a good first impression.”