1 Oct

Detached house prices rise fastest since 2002

Detached house prices rise fastest since 2002

The value of detached houses around the UK for those heading to estate agents have risen faster than any others, it has been reported in results of a new study from Halifax.

The bank said that since 2002, those who have a detached home have experienced a rise of 41 per cent in their house's value to sit at a current price average of £151,568.

In comparison to this, other homeowners have not seen such favourable conditions. Other near competitors include semi detached and bungalow houses, each of which have seen increases of just 37 per cent during the same period.

Rural homes and those in market towns have been earmarked as locations where people can see the best prices for their properties in recent months in Halifax reports.

Martin Ellis, housing economist at Halifax, said: "The prices of those property types which are less reliant on first-time buyers, such as bungalows and detached homes, have been more resilient."ADNFCR-1222-ID-801460528-ADNFCR

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