Bungalows rise above other homes
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.