Flats see the biggest uplift in UK property prices…

Posted 13 Jun 2017

Recent data and research by the Halifax using its own house price index shows the average price for a UK flat has grown by 53% over the last 7 years compared to 39% against all other property types. 

Ipswich flats Auction

(Ipswich Docks, 2017)

Terraced houses show the next biggest gain recording an average rise of 43% followed by semi-detached homes with their combined popularity both realising 60% of all home sales in 2016.

The Halifax reports that outside of London, flats are currently the most affordable property type in the UK averaging £167,144, followed by terraced homes at £185,166.

On average, flats in the North cost £116,855, followed by Yorkshire and the Humber at £124,734 with the East Midlands coming in at £123,561.  The lowest, affordable property type in London is a flat.  In fact, the average price of a flat in London is £398,038, which is £230,894 greater when looking at the rest of the UK at £167,144.

Halifax housing economist, Martin Ellis commented

“Nationally, terrace and semi-detached homes are the most affordable and popular homes with buyers, accounting for 60% of sales during 2016. “However, average price growth for flats, helped by the London market, have outperformed all other property types since 2009.

“There has been an increasing trend for first-time buyers to choose semi-detached homes over the past seven years, whilst terrace homes have shown a decline in popularity. The rise in the age of a typical first-time buyer may partly account for this change in preference towards the family-friendly semi.”

A full summary of the key points, facts and figures from can be found on Property Wire, click here to read more.


by Luke Golding