Using its own house price data, Halifax has found that owners of detached properties have seen the value of their home increase by £91 a day over the past year with the average price rising by 13% from £266,060 in Q2 2009 to £299,295 in Q2 2010. Prices for all other property types rose by 8-9% over the period.
Semi-detached homeowners saw the biggest property gains over the past decade. Semi-detached properties recorded the largest average price increase (111%) since 2000 marginally higher than for terraced properties (110%) and bungalows (109%). Flats were the only property type not to double in value over the last decade with an 81% average increase.
Semi-detached and terraced homes have remained the most popular types of property purchased over the last 10 years. These property types combined accounted for 61% of all home sales in 2010 up from 58% in 2000.
Suren Thiru, Halifax’s housing economist, 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