Terraced houses see biggest growth

Terraced houses in the UK have seen the biggest price increases over the last five to ten years.

That is according to Halifax Estate Agents which used its own price data in its research.

Over the last ten years terraced house prices have increased by an unprecedented 239 per cent, with flats and maisonettes a close second with a 235 per cent growth.

However, the five-year picture looks slightly different, with flats and maisonettes seeing just an 87 per cent increase, compared to 95 per cent for semi-detached and 113 per cent for terraced houses.

“Terraced properties have seen the largest average house price increases in both the last five and ten years,” said Tim Crawford, group economist at Halifax Estate Agents.

“Although the average price of a terraced house is still below the UK all property average, the gap has narrowed.”

Detached properties remain the most expensive in the UK, with an average price of £326,396.

This figure is in stark contrast to the average detached property price in 1996 which stood at just £110,240.

That sort of money would not even buy you an average terraced house today, with the majority of people paying around £186,316.

Tags: increase, Halifax Estate Agents, property, average house price increases, Terraced, house, halifax