The average price of a detached house in the UK has jumped by 16.6%, or £60,556, since the start of the pandemic in March 2020, according to lender Halifax. Meanwhile, flats have increased by a more moderate 9.1%. The biggest spike was in Wales, where terrace houses shot up by 25.1%. At the other end of the scale were flats in Northern Ireland, which actually fell in price by 2.4%. In London, flats edged up by just 0.7%, but detached homes jumped by 12.4% and are the most expensive in the country at an average of £910,568. The data also highlighted the widening of the gaps between each type of home, with flat owners expected to spend an extra £54,806 to upsize to a typical terrace house, compared to £40,416 in March 2020. Those currently in a terrace would need a further £66,292 to own a semi-detached home, compared to £57,166 in March 2020. Meanwhile, home movers hoping to switch from a semi-detached to a detached property need an additional £145,087, compared to £121,371 in March 2020.
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