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  • Property-a-holics

    Opinion: Houses becoming an endangered species!

    Interesting to read that "detached" is the most searched term used on Zoopla.

    Read the full article

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    The fastest growing type of new housing to be built in recent years is now flats. From 2012 to 2017, the number of flats across England & Wales increased by seven per cent.

    It means flats now account for 22 per cent of all British residential properties in 2017.

    Unsurprisingly, most of the top 10 local authorities with the highest share of properties as flats are all in Greater London, with the exception of Birmingham. 

    Full/source article

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    New figures show that flats and maisonettes have all experienced a slight price reduction while houses have gone up slightly.

    The price dip coincides with a raft of tax and regulation changes widely seen as being a disincentive to buy to let investors, who have traditionally been amongst the biggest buyers of smaller housing units.

    Likewise in recent years, first time buyers - also keen purchasers of flats - have been delaying their purchases because of high deposits.

    It is thought these factors may have contributed to reduced demand for flats and maisonettes and prices reducing.

    Full/source story

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    New research has revealed that the average price of a detached house in the UK was £252,473 in January 2009. Today, a detached property will set you back, on average, £377,945 - that’s an increase of £125,472 or 50% in a decade.

    For value, buyers should head north, with detached property prices in the North East, Scotland and North West, cheaper than any other regions.

    The North East is the best for value, with the average price of a detached property rising by just over £15,000 or 7.7% since 2009 - that’s less than a 1% price hike a year over the past 10 years. It’s also the only region in the country where the average price of a detached house (£212,377) is below the current average UK house price (£228,147).

    Unsurprisingly, London is the most expensive region with the price of an average detached property up 87%, or more than £420,000, since 2009. The average price now stands at £906,825.

    Full/source article

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