Property Prices Drop in Milton Keynes According to Zoopla

According to Zoopla’s July 2024 House Price Index, property prices in Milton Keynes have dropped by 0.9% over the past year, resulting in a £2,800 decrease in the value of the typical home.

Despite this slight dip, the average home in Milton Keynes remains higher than the national average, at £309,300 compared to £266,400 across the UK.

However, the housing market is expected to pick up in the coming months as new mortgage rates, starting as low as 3.77%, are introduced by major lenders such as HSBC, Barclays, and NatWest. This reduction in mortgage rates is likely to encourage more buyers to enter the market, offering some optimism for local homeowners.

In the past month, prices in Milton Keynes have remained stable, but over the last five years, property values in the city have grown by an impressive 16.2%. Despite recent challenges, Milton Keynes continues to offer long-term growth potential, making it an attractive area for buyers and investors alike.

You can check the current value of your property using Zoopla’s online valuation tool by visiting Zoopla.co.uk  It provides an estimate based on recent sales and local market data, giving you insight into how much your home might be worth in today’s housing market.