2
Sep
Detached properties 'see largest price rises'
Estate agents are likely to try selling their portfolio of detached
houses after it was revealed that their prices have increased at a
faster rate than other types of properties.
According to a recent survey conducted by Halifax, the price of a
detached house increased by £91 every day over the last
year.
This makes up an annual value growth of 13 per cent, with the
average price going from £266,060 in the second quarter of
2009 to £299,295 at the end of the first-half of 2010.
Comparatively, other properties rose in cost by eight to nine per
cent during the same period.
Halifax housing economist Suren Thiru said: "Such properties are
likely to have benefited from greater demand from those buyer
groups currently most able to enter the housing market."
As well as detached properties, a recent report from the Post
Office also demonstrated that homebuyers are prepared to pay an
average of £20,448 more for waterside residences.