2 Sep

Bungalow homeowners receive good news

Bungalow homeowners receive good news

Homeowners with a bungalow to sell have received good news after they were told that the price of their properties rose more than others.

Research conducted by the Bank of Scotland revealed that the value of one-floor houses rose by eight per cent between the second quarter of 2009 and the second quarter of 2010.

This demonstrates an increase in price from an average of £166,018 to £178,701 during the one-year period.

The financial services provider also showed that detached proprieties recorded the second highest value increase at seven per cent.

Bank of Scotland housing economist Suren Thiru said: "It is notable that the property types which have seen the largest average price rises over the past year are likely to have benefited from greater demand from those buyer groups currently most able to enter the housing market."

The need for new-build properties, as well as bungalow houses, is also set to increase after Home Builders Federation's Steve Turner recently suggested that more residences need to be constructed in order to meet the demand from homebuyers looking for a house for sale in Britain.ADNFCR-1222-ID-800050033-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.