UK cities see strong property market growth
| The UK property market experienced a boost in 2024, with nearly 50% of homes listed receiving offers or selling | Cities like Sunderland, Leicester, and Liverpool saw notable increases in buyer activity, while London’s growth was subdued | Rising buyer confidence, stabilising mortgage rates and positive market conditions are expected to keep demand strong |
The UK property market saw a significant rise in activity in 2024, with nearly half of all homes listed for sale either receiving an offer or being sold subject to contract1.
The data shows that Sunderland led the way, recording a 10% increase in homes finding buyers compared to the start of the year. Leicester followed closely with a 9% rise, while Liverpool (8%), Newcastle (7%) and Leeds (6%) also saw notable growth. Other cities experiencing strong demand included Manchester, Sheffield and Bristol. In Scotland, Aberdeen saw buyer activity levels increase by just 0.2%, the lowest increase of all cities.
Capital lags behind
London, however, failed to break into the top ten, with a relatively modest 3.3% increase in market activity. Despite this, the capital’s housing market remained active, though less dynamic than other major cities.
Increased confidence
The data highlights a broader trend of rising buyer demand across the country. Market conditions have continued to improve, with increased confidence from both buyers and sellers. Factors such as stabilising mortgage rates and growing consumer confidence have likely contributed to the positive momentum.
With strong demand continuing into this year, many cities are expected to maintain their upward trajectory, keeping the housing market competitive in the coming months.
1GetAgent, 2025
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