House prices in North West Leicestershire are predicted to enjoy a double digit price rise this year, new analysis has revealed.

But the region is set to be one of just 10 regions that will buck the trend across the country.

The UK's housing market is forecast to experience a subdued year in 2024, with average house prices expected to decline slightly by -2.6%, according to the Property118 website which details the findings of easymoney.com.

If this trend continues nationally, homeowners could see a potential drop of £7,501, from the current average of £283,428.

But the report says there are 10 areas that are on track for significant house price growth, exceeding 14 per cent by the year's end - and that includes North West Leicestershire.

easymoney.com's chief executive, Jason Ferrando, said: "After such consistent upward growth, followed by a period of stagnation, it looks to be a far more settled year for the housing market, with property values expected to remain largely flat in 2024.

"But as is so often the case, you can't judge a market by its topline statistics.

"Instead, you have to dive down into the local market data to discover that price performance in certain parts of Britain could be far from flat as we move through the year."

He added: "For anyone who is looking to invest in property this year, it's useful to know which parts of the country are bucking the national trend."

Derbyshire's Amber Valley district leads the pack with a predicted house price surge of 26.5 per cent by December, followed by Darlington at 23.7 per cent.

Other areas like North West Leicestershire, Torfaen, West Devon, Babergh (Suffolk), Rossendale, Greenwich, Hackney and Chorley are also expected to see price increases exceeding 14 per cent.

Prices in all other regions are predicted to fall, with the West Midlands (-7.8 per cent), London (-6.8 per cent), and Yorkshire and Humber (-6.3 per cent) experiencing the biggest drops.