Almost seven million homes fell in value by more than 1pc between January and June, half the figure registered in the second half of 2023, in a sign that house prices could be improving.
Izabella Lubowiecka, of Zoopla, said: “Growing buyer confidence and a rising volume of transactions in the first half of 2024 are translating into firmer home values.”
Oldham, Wakefield and Durham saw the highest proportion of properties go up in value. In Oldham, 83pc of properties gained £7,100 on average.
Meanwhile in west-central London, Watford and Bath, seven in 10 homes increased by at least £5,000 since the start of the year.
Around a third of UK homes, equating to 10 million properties, gained £5,000 or more. This was around double the 5.4 million homes recording similar gains in the last six months of 2023.