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Flats Show Highest Rise In Property Prices

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http://www.express.co.uk/news/uk/429409/Flats-show-highest-rise-in-property-prices

FLATS have increased their value more than any other property type over the last decade with a typical rise of £394 per month, a study has found.

Terraced houses are the second best performers, while detached homes have seen the smallest percentage increase in their prices over the last 10 years, according to Halifax.

Using its own database, Halifax said that flat prices have risen by more than one third (35%) on average since 2003, putting them ahead of terraced homes which have seen a 32% increase over the same period.

Flats are now worth almost £47,500 more than they were a decade ago, with a typical price tag of £180,799. Halifax put much of the rise down to the strength of the London market, which has a high proportion of flats.

Flats in Scotland have seen the biggest percentage increase in value of anywhere in Britain over the last decade, with a 57% upturn. London flats have increased their value at the second fastest rate over last 10 years, recording a 37% rise.

But at more than £286,000, the average price of a flat in London is more than double that of a flat in Scotland at around £121,000.

Clearly you all need to rush out and buy a flat.

House prices only ever go up!

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Property prices... Madelaine McCann... New drug wards off dementia... Princess Diana... Property prices... Madelaine McCann... New drug wards off dementia... Princess Diana... Property prices... Madelaine McCann... New drug wards off dementia... The wheels on the Daily Express bus go round and round, all day long.

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I'm willing to bet most individual flats haven't gone up that much. Flats as a class will have risen because a large number of expensive flats at the top end of the market have been built in the last decade for foreign buyers.

Maybe the journalist involved is too thick to understand this, or maybe they are trying to deceive. To be honest, my money would be on 'thick'...

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Ha. They admit the numbers are distorted by London. Erm round here flat prices halved in the timeframe referenced lol.

Edited by Ash4781

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Property prices... Madelaine McCann... New drug wards off dementia... Princess Diana... Property prices... Madelaine McCann... New drug wards off dementia... Princess Diana... Property prices... Madelaine McCann... New drug wards off dementia... The wheels on the Daily Express bus go round and round, all day long.

brilliant!

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Property prices... Madelaine McCann... New drug wards off dementia... Princess Diana... Property prices... Madelaine McCann... New drug wards off dementia... Princess Diana... Property prices... Madelaine McCann... New drug wards off dementia... The wheels on the Daily Express bus go round and round, all day long.

You forgot "Statins Save The World".

Amazing that the British press has something even lower than the Star.

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