Flats show highest rise in property prices | UK | News | Daily Express

Flats show highest rise in property prices | UK | News | Daily Express

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.