Bun­ga­lows rise above other homes

Yorkshire Post - Property - - PROPERTY -

THE value of the UK’s de­tached houses has in­creased by an av­er­age of £642 per month over the past decade, the largest in­crease in cash terms com­pared to other prop­erty types, ac­cord­ing to the Hal­i­fax.

The av­er­age price of a de­tached prop­er­ties has grown by al­most £77,000 or 38 per cent to £282,211. Ter­raced houses have grown by 41 per cent to £151,568. The av­er­age price of both semis and bun­ga­lows has risen by 37 per cent.

How­ever, since the start of the fi­nan­cial cri­sis in 2007, bun­ga­lows have out­per­formed the rest. Av­er­age prices have fallen by 19 per cent, com­pared to a 21 per cent de­cline in de­tached prop­erty val­ues and a 24 per cent fall in the price of semis.

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