top of page

Detached homes in Wales lead the property boom

marcfaubeau

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.

The Daily Telegraph Daily Mail The Independent UK

2 views0 comments

Recent Posts

See All

London flats lose their appeal

According to new figures published by Bloomberg, based on an analysis of UK Land Registry data, the value of London flats has plummeted...

Demand cools but house prices climb

Property professionals saw fewer new inquiries from house hunters in June, but house prices continued to increase, according to the Royal...

Commentaires


Office.png

Office Locations

Temperance House
YO8 5AA,
North Yorkshire

Entreprise House
Paradise street
Oxford UK

Rue d' Antibes
Cannes, Alpes maritimes
France

Developer House
Palmar Trou d'eau douce
Mauritius

Send.png

© Lionsfield. All Rights Reserved.

bottom of page