Biggest boost for those with semis

Published on

Using its own house price data, Halifax has found that owners of detached properties have seen the value of their home increase by £91 a day over the past year with the average price rising by 13% from £266,060 in Q2 2009 to £299,295 in Q2 2010. Prices for all other property types rose by 8-9% over the period.

Semi-detached homeowners saw the biggest property gains over the past decade. Semi-detached properties recorded the largest average price increase (111%) since 2000 marginally higher than for terraced properties (110%) and bungalows (109%). Flats were the only property type not to double in value over the last decade with an 81% average increase.

Semi-detached and terraced homes have remained the most popular types of property purchased over the last 10 years. These property types combined accounted for 61% of all home sales in 2010 up from 58% in 2000.

Suren Thiru, Halifax’s housing economist, said: “Although the price of all property types has been boosted by the combination of historically low interest rates and lack of properties available for sale over the past year

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Landlords exploit softer market with lowball offers

More than half of buy-to-let investor offers were at least 10% below the original...

Asking prices suffer biggest August fall since 2018

The average asking price of a newly listed home fell by 2% in August,...

Instamo launches automated post-submission mortgage tool

Instamo has launched FastAdmin, a post-submission automation service designed to reduce the administrative work...

HMLR and OS data tie-up targets faster property transactions

HM Land Registry (HMLR) and Ordnance Survey (OS) have agreed a three-year collaboration intended...

FCA bans CEO over fake €200m bond portfolio

The Financial Conduct Authority (FCA) has fined and banned two former Blue Horizon Asset...

Latest publication

Other news

Landlords exploit softer market with lowball offers

More than half of buy-to-let investor offers were at least 10% below the original...

Asking prices suffer biggest August fall since 2018

The average asking price of a newly listed home fell by 2% in August,...

Instamo launches automated post-submission mortgage tool

Instamo has launched FastAdmin, a post-submission automation service designed to reduce the administrative work...