Detached properties saw highest price growth in majority of regions during 2020

Posted on Friday, January 8, 2021

Fuelled by lockdown and the desire for larger properties with more open space, new data has revealed that detached homes saw the highest rate of annual house price growth of all property types in all but three UK regions last year.

Research from property portal, OpenBrix, shows that after the property market reopened following the initial national UK lockdown, UK buyers scrambled to buy bigger homes with more outdoor space. As a result, detached properties soared in popularity, and the latest figures have revealed that prices have followed suit as a result.

The firm crunched Land Registry figures and found that the value of detached properties climbed by 6.8% annually in December across the UK. Terraced homes were the next most popular with property values climbing 6.1% in the last year, while semi-detached houses saw an increase of 5.4%.

In contrast, the rush for more space saw flats decline in popularity, with prices increasing by just 2.3% annually.

In all but three regions of the UK, detached homes saw the highest house price growth rate of all property types. The largest increases were in Yorkshire and the Humber, the South West and the North West, where detached homes jumped 8.1% in value over the last year.

Fuelled by lockdown and the desire for larger properties with more open space, new data has revealed that detached homes saw the highest rate of annual house price growth of all property types in all but three UK regions last year.

Research from property portal, OpenBrix, shows that after the property market reopened following the initial national UK lockdown, UK buyers scrambled to buy bigger homes with more outdoor space. As a result, detached properties soared in popularity, and the latest figures have revealed that prices have followed suit as a result.

The firm crunched Land Registry figures and found that the value of detached properties climbed by 6.8% annually in December across the UK. Terraced homes were the next most popular with property values climbing 6.1% in the last year, while semi-detached houses saw an increase of 5.4%.

In contrast, the rush for more space saw flats decline in popularity, with prices increasing by just 2.3% annually.

In all but three regions of the UK, detached homes saw the highest house price growth rate of all property types. The largest increases were in Yorkshire and the Humber, the South West and the North West, where detached homes jumped 8.1% in value over the last year.

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