Detached homes 'doing well'

Detached homes 'doing well'

Detached homes 'doing well'

Consumers who own detached homes have seen the greatest rises in value of their properties over the last 12 months, it has been found.

According to figures released by Halifax, the price of standalone residences has gone up from an average of 266,060 during the second quarter of last year to 299,295 during the same three-month period in 2010.

This meant that homeowners, possibly including those who used estate agents in West Hampstead to sell their homes over recent months, may have been pleased with the price they achieved.

Indeed, they saw the equivalent of a 91 a day rise over the last year, with a 16 per cent increase being recorded.

Meanwhile, prices for all other property types as a whole, including those on the books of estate agents in Kilburn, increased in value by between eight and nine per cent on average.

When prices over the last decade are analysed, it is semi-detached properties that have been the biggest winners.

Such abodes have gone up in value by a typical amount of 111 per cent over this time, which is marginally above terraced properties at 110 per cent and bungalows at 109 per cent.

Estate agents in West Hampstead, as well as estate agents in Kilburn and elsewhere around the UK, may also be interested to note that flats were the only type of residence not to double in value during the ten-year period.

They rose by an average of 81 per cent.

Responding to the findings, Halifax housing economist Suren Thiru said: "Although the price of all property types has been boosted by the combination of historically low interest rates and lack of properties available for sale over the past year, it is notable that detached homes have seen the largest average price rises."

The UK's property market has returned to relative health after a rocky period during the recession when values fell around the country.

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