Flat prices have seen the biggest increase over the last 7 years


Since 2009, flat prices across the UK have increased by 53%, a lot more than the 39% rise recorded for all property types, according to a new research.

The data was collected by Halifax and shows that flat prices have increased the most in the capital and detached house prices have seen the smallest increase over the last seven years, only going up 19%.


Terraced home were another solid group and have seen the second biggest price increase over the same period of time with 43%. Overall the research also showed that semi-detached and terraced homes were the most popular choice as they represented 60% of all home sales in 2016.

In the past seven years, the average flat price increase by £84,644, or £1,008 every month, from £159,292 in Q4 2009 to £243,936 in Q4 2016.

London’s property market is seen as the main driver of this development as flat prices in the capital have increased by 65% since 2009. When it comes down to sales, flats represented an impressive 48% of all sales in London whilst they only made up 11% of the national sales.

Terraced homes are currently the most affordable property type in the UK with an average price of £215,690, followed by semi-detached averaging at £225,070 and flats at £243,936. When taking London out of the data, flats become the cheapest property to buy with an average price of £167,144, followed by terraced homes at £185,116.


Martin Ellis, Halifax housing economist, said:

“Nationally, terraced and semi-detached homes are the most affordable and popular homes with buyers accounting for 60% of sales during 2016. However average price growth for flats, helped by the London market, have outperformed all other property types since 2009.”

“There has been an increasing trend for first time buyers to choose semi-detached homes over the past seven years, whilst terraced homes have shown a decline in popularity. The rise in the age of a typical first time buyer may partly account for this change in preference towards the family friendly semi.”

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800


Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator


Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.


Not a member? Sign up for free

Flat prices have seen the biggest increase over the last 7 years

Flat prices have seen the biggest increase over the last 7 years


By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.