Detached home values increasing more than competitors
1st Oct 2012
Those living in detached properties for sale across the UK are seeing the value of their houses rise faster than any others, a new report has found, as the most valuable style of houses still appeal to buyers as a whole.
According to Halifax's latest findings, the detached homes across the UK have seen gains in price of £642 per month over the course of the last ten years since 2002, which is higher than all other property types.
In recent months, it has also been reported that some areas, such as rural regions, are more popular than others when it comes to seeing home values remaining resilient across the country.
In the ten-year period since 2002, the cost of UK property which are detached has gone up by 41 per cent to £151,568.
In comparison to this, semi-detached and bungalows have gone up by 37 per cent over the same period.
Martin Ellis, housing economist at Halifax, said: "Prices of all property types have fallen over the past five years with the biggest declines for flats and terraced homes. These types are particularly popular with first-time buyers and their sharper price falls probably reflect the difficulties that those looking to enter the market for the first time have been facing."
Posted by Staff Writer: Robin Stenson
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