2 Sep

Detached properties 'see largest price rises'

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.ADNFCR-1222-ID-800049996-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.