Flats prove to be good in­vest­ment

Yorkshire Post - Property - - PROPERTY -

BRI­TAIN’S flats have in­creased in value by an aver­age of £394 per month over the past decade, the largest in­crease in cash terms of any prop­erty type, ac­cord­ing to lat­est re­search from Hal­i­fax. The aver­age price of a flat has risen by al­most £47,500 from £133,483 a decade ago to £180,799 to­day.

The 35 per cent in­crease is closely fol­lowed by ter­raced houses at 32 per cent. Detached homes have recorded the small­est rise over the past decade at 17 per cent.

The apart­ment price boom is largely at­trib­uted to Lon­don, where they rep­re­sent a rel­a­tively high pro­por­tion of the prop­erty mar­ket. Ter­raced homes were the best per­form­ing prop­erty type in York­shire. Bun­ga­lows also per­formed well.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.