Flat owners are coming out on top of the most recent property boom, and have seen the average value increase by more than £1,000 per month since the financial crash!
According to figures released by Halifax, a typical flat now costs £237,233, up 57% on prices that were seen in 2008. On average, houses and bungalows have only risen 37%.
It should be considered that much of this meteoric rise could be down to the huge hike in London flat prices. Half of all sales in London are flats compare to 17% nationally, so this has an impact on the whole market.
These dramatic increases come despite recent research from Zoopla suggesting that the nation’s dream home in a three-bed semi-detached new build. It seems that although buyers may yearn after a house, many are prepared to pay the price for a flat, just to get onto the property ladder.
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