Britons have dealt with a turbulent property market this year.
However, some regions have fared better than others at holding property values according to new data.
The latest Government House Price Index shows property prices have dropped by -1.2 per cent in the year to October 2023.
Houses in London have been valued the highest at an average of £515,504.
House prices were highest in London
PA
Highest house prices by region
London £515,504
South East £389,223
East of England £348,615
South West £330,260
West Midlands Region £253,130
East Midlands £245,632
North West £215,719
Wales £214,100
Yorkshire and The Humber £208,188
Scotland £191,233
North East £161,237
The North East had the lowest property prices but the region did the best in terms of price decline as it held the value at the same time last year.
Yorkshire and The Humber had the second lowest decline, at -0.2 per cent.
London has the highest house prices but it has also had the biggest drop.
House prices declined by -3.1 per cent in the last year, well above the national average.
The regions with the highest house prices were shared
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Detached homes are worth the most and sell for an average of £457,222.
Semi-detached properties fetch £281,658 on average, terraced homes get £234,553 and flats sell for £225,803.
While property prices have dropped, an expert suggested they are set to rise in 2024.
They shared the 11 UK regions where house prices will soar the most next year.
