Daily Mirror

Flats jump up £75k in 5yrs

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THE price of a flat has risen £1,250 a month over five years, research shows.

The average flat has shot up £75,074 since 2013 to £232,135 in 2018.

In London prices have nearly doubled to £393,235.

Terraced or semidetach­ed homes are more popular but flats increased the most in value – up 48%.

Terraced homes are the best value at £208,311.

Russell Galley, of Halifax, said: “More than a third of first-time buyers are choosing terraced homes.”

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