2 Dec

Pre-1919 homes show the best price increases

Pre-1919 homes show the best price increases

Homes in the UK which were built before the end of the First World War have shown the biggest increase in value over the past 25 years, according to new figures.

The latest statistics from Halifax have shown that people looking for property for sale in London built before 1919 have seen an increase in price of an average of 461 per cent since 1986.

In comparison, homes built after 1919 have seen an increase in value of just 357 per cent over the same period.

The worst performing period for homes increasing in value was between 1945 and 1960, with homes from that period, when the tower block and open plan properties were most popular, increasing by 249 per cent in the last 25 years.

Martin Ellis, Halifax housing economist, said: "Properties from the Victorian or Edwardian era tend to be in higher demand: there are fewer of them, they are often larger, situated in desirable locations, and have a popular style.

Rarer properties often perform better, and in October it was revealed by the Halifax that rural homes were performing far better than their urban equivalents.ADNFCR-1222-ID-801228637-ADNFCR

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