--- title: UK Property Values Remain Resilient - North West is Leading the Way description: Explore how UK property values remain resilient, with the North West leading the way. Gain insights into regional trends and market dynamics. image: https://blog.magnateassets.com/hubfs/UK%20Property%20Values%20Remain%20Resilient%20-%20North%20West%20is%20Leading%20the%20Way.jpg --- [![logo](https://blog.magnateassets.com/hs-fs/hubfs/logo.png?width=216&height=50&name=logo.png "logo")](https://magnateassets.com/) × - [Properties](https://www.magnateassets.com/en/searchresult) - [Off-Plan](https://www.magnateassets.com/en/searchresult?proType=Off-Plan) - [Completed](https://www.magnateassets.com/en/searchresult?proType=Completed) - [High Yield Investing](https://www.magnateassets.com/en/high-yield-investing) - [HMO (Houses in Multiple Occupation)](https://www.magnateassets.com/en/property-hmo) - [Student Accommodations](https://www.magnateassets.com/en/property-student-accommodations) - [Property Sourcing](https://www.magnateassets.com/en/property-sourcing) - [Property Concierge](https://www.magnateassets.com/en/property-concierge) - [Land Options](https://www.magnateassets.com/en/searchresult?proFor=Local&proType=Land%20Options&country=UK) - [Property Bonds (Promissory Notes)](https://www.magnateassets.com/en/property-bonds) - [Buildings](https://www.magnateassets.com/en/searchresult?proType=Buildings) - [Build-to-Rent Projects](https://www.magnateassets.com/en/build-to-rent-projects) - [Equity Investments](https://www.magnateassets.com/en/equity-investments) - [Funding Partnerships](https://www.magnateassets.com/en/funding-partnerships) - [Locations](https://magnateassets.com/en/location) - Resources - [Blog](https://blog.magnateassets.com) - [Podcast/Webinars](https://www.magnateassets.com/en/video-gallery) - [Guides](https://info.magnateassets.com/guides) - Finance, Tax & Legal - [Mortgage Calculator](https://magnateassets.com/en/mortgage-calculator) - [Mortgages & Finance](https://www.magnateassets.com/en/mortgages-and-finance) - [Property Transfer & Legal](https://www.magnateassets.com/en/property-transfer-and-legal) - [Tax Planning and Set up](https://www.magnateassets.com/en/tax-planning-and-set-up) - [UK Immigration Information](https://www.magnateassets.com/en/uk-immigration-information) - [Managing Your Properties](https://www.magnateassets.com/en/managing-your-properties) - [Furniture Packs](https://www.magnateassets.com/en/furniture-packs) - About Us - [Meet the Team](https://www.magnateassets.com/en/meet-the-team) - [Contact Us](https://magnateassets.com/en/contact-us) - [UK Property Investment](https://www.magnateassets.com/en/for-uk-property-investment) - [Developer Partnerships](https://www.magnateassets.com/en/developer-partnerships) # UK Property Values Remain Resilient - North West is Leading the Way Published by Keith Egan on Feb 13, 2024 In the dynamic landscape of the UK housing market, Magnate Assets presents insights into the resilience of property values throughout 2023, as revealed by research from Zoopla.   Key Findings: Steady Growth Across the Nation: - Despite market fluctuations, six in 10 homeowners witnessed their property values either increasing or remaining stable over the past year. - Approximately three million homeowners experienced value gains of 5% or more, with an average increase of £7,800, indicating a daily rise of £21. Although this figure is slightly lower than the previous year's average gain of £19,700, it still underscores the overall positive trajectory of property values.   ![](https://lh7-us.googleusercontent.com/v0SG1r6MDP6_t0ToQw-6u-KfZl9lPMSr-fBujml7GBXvs2oZ8DaQvRtITY0YT0g_WKjvkr1eDtbo6geyU6VEuDwW4j-jVUF2PlAf_DsYjwIIk_pzB0Yr2P_HEkZ2JZDiZ6Z-WuJ6LhSHt0LnwENE7JI)   Regional Disparities: - A distinct North-South divide emerged, with regions in the North experiencing larger value increases compared to the South. - In the North West, half a million homes (17% of houses) saw value gains of over 5%, amounting to an average increase of £13,200 per property. - Scotland followed closely, with approximately 16% of homes witnessing value gains of 5% or more.   Challenges in Southern England: - While the majority of homeowners saw their property values rise, over four in 10 UK homes experienced a decline in value by at least 1%. - Particularly in the South of England, 18% of homeowners in the East of England and the South East faced home value decreases of 5% or more.   ![](https://lh7-us.googleusercontent.com/yGAEMhSiuFt0xAd19dBfAWprXPIEN7ZsgGroKVYa7_VL8_4lKyJ3dRpt4Dl7n1qK3U0_MOrTpa1mZzQ82U0U2mSIpdtD1ktv0QRJ3oLv1Hnl2AYmJEv-uPk69ancKli7tSK3j2Fijf84bASmzM3_yCo)   Insights from Izabella Lubowiecka, Senior Property Researcher at Zoopla: - Lubowiecka highlights that while national house price indices indicated modest falls, property-level tracking revealed that most homes maintained or slightly increased in value throughout 2023. - Value reductions were primarily observed in southern England, while lower-priced, more affordable housing markets recorded modest gains.   In conclusion, Magnate Assets' analysis of Zoopla's research underscores the resilience of property values across the UK, with regional variations reflecting diverse market dynamics. Despite challenges, the housing market continues to exhibit robustness, presenting opportunities for investors to navigate and capitalize on emerging trends. Topics: [UK Property](https://blog.magnateassets.com/tag/uk-property), [Real Estate Market](https://blog.magnateassets.com/tag/real-estate-market), [Prices](https://blog.magnateassets.com/tag/prices), [Market Trends](https://blog.magnateassets.com/tag/market-trends), [Inflation](https://blog.magnateassets.com/tag/inflation), [Demand](https://blog.magnateassets.com/tag/demand), [Appreciation](https://blog.magnateassets.com/tag/appreciation), [Investment Strategies](https://blog.magnateassets.com/tag/investment-strategies), [Overseas Investors](https://blog.magnateassets.com/tag/overseas-investors), [Return on Investment](https://blog.magnateassets.com/tag/return-on-investment), [Capital Appreciation](https://blog.magnateassets.com/tag/capital-appreciation) ![Keith Egan](https://blog.magnateassets.com/hubfs/image.png) Written by [Connect on LinkedIn ↗](https://www.linkedin.com/in/keith-egan-a4585613a/) [Keith Egan](https://blog.magnateassets.com/author/keith-egan) Keith Egan has spent 30+ years in senior real estate roles across the UK, Dubai and the MENA region. As Director and Co-Founder of Magnate Group, he leads Magnate Assets focused on UK residential investment, lead generation and digital marketing and the Magnate Investments Division, Magnate's development finance and structured investment arm. Keith specialises in connecting landowners, developers and investors with regulated, technology-driven funding structures and fractional ownership solutions, bridging institutional-grade UK real estate with a wider pool of domestic and international capital. - #### Share: - [![](https://f.hubspotusercontent10.net/hubfs/445465/icon/facebook.svg)](http://www.facebook.com/share.php?u=https://blog.magnateassets.com/uk-property-values-remain-resilient-north-west-is-leading-the-way) - [![](https://f.hubspotusercontent10.net/hubfs/445465/icon/twitter-sign.svg)](https://twitter.com/share?text=UK%20Property%20Values%20Remain%20Resilient%20-%20North%20West%20is%20Leading%20the%20Way&url=https://blog.magnateassets.com/uk-property-values-remain-resilient-north-west-is-leading-the-way&hashtags=weareawesome&via=bluleadz) - [![](https://f.hubspotusercontent10.net/hubfs/445465/icon/linkedin.svg)](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.magnateassets.com/uk-property-values-remain-resilient-north-west-is-leading-the-way) [Back to Blog](https://blog.magnateassets.com) ### Popular Blogs \[UK Property, Real Estate Market, Prices, Market Trends, Inflation, Demand, Appreciation, Investment Strategies, Overseas Investors, Return on Investment, Capital Appreciation\] - 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