UK Apartment prices rise by £1,000 per month since the global financial crash.
UK Apartment Prices Rise by over £1,000, which is more than many workers in the UK!
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UK Apartment Prices Rise above the all other property types in the UK since 2008
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Flat prices have shown the highest growth since 2008, outperforming all other property types and rising over £86,000
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On average buyers it will cost buyers nearly £20,000 to buy an apartment that to buy a semi-detached property.
The UK property market, has historically performed very well. Within recent years, UK property has been among the safest and top performing investments globally. The UK housing market remains buoyant, and a report issued by the Halifax shows that the average UK apartment or flat has risen in value by over an incredible £1,029 per month since 2008. In 2008, the average price was £150,749 compared to £237,223 in 2015. The residential property market on average over the last 8 years has risen 37%, whereas the average price of a flat has risen 57% which is significantly. It now means that buyers are on average paying £17,978 more for a flat than for a semi-detached home, meaning only detached properties and bungalows command a higher price nationally. Detached homes showed the smallest rise over the same period at 20%. Terraced houses and semi-detached houses saw price rises of 38% and 34% respectively. A considerable proportion of the national rise in flat values since 2008 is due to the rapid increase in flat prices in London (62%); flats represent a much higher share of the property market here than elsewhere; half of sales in the capital (50%) are of flats compared with the UK average of 17%. Investing in UK property has been one of the most popular forms of investment in the UK for many years. Recently it was announced that ‘Buy-to-let’ investments had out-performed all other mainstream asset classes (Bonds, Equities, Cash) in the last 18 years. Buying UK property has also become increasingly popular among overseas investors, making up 80% of the buyers market.
