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

Badenoch pledges no IHT or stamp duty on family homes

Kemi Badenoch has pledged to remove inheritance tax from family homes and scrap stamp...

RICS: Housing market recovery falters as buyer demand weakens

The UK housing market lost momentum in September as rising interest rate expectations weighed...

Cost pressures hold back demand for energy-efficient home upgrades

More than a third of Britons want to improve the energy efficiency of their...

TPFG buys 25% stake in property and mortgage AI business Enteka

The Property Franchise Group (TPFG) has taken a 25% stake in Enteka AI as...

Property professionals back homebuying reforms, CSS poll finds

More than three-quarters of property professionals believe proposed changes to the homebuying and selling...

Latest publication

Other news

Badenoch pledges no IHT or stamp duty on family homes

Kemi Badenoch has pledged to remove inheritance tax from family homes and scrap stamp...

RICS: Housing market recovery falters as buyer demand weakens

The UK housing market lost momentum in September as rising interest rate expectations weighed...

If AI gives us more time to think, we must learn how to think well

The great promise of AI in financial services is usually expressed in terms of...