2
Dec
Pre-1919 homes show the best price increases
Homes in the UK which were built before the end of the First World
War have shown the biggest increase in value over the past 25
years, according to new figures.
The latest statistics from Halifax have shown that people looking
for
property for sale in London built before 1919 have seen an
increase in price of an average of 461 per cent since 1986.
In comparison, homes built after 1919 have seen an increase in
value of just 357 per cent over the same period.
The worst performing period for homes increasing in value was
between 1945 and 1960, with homes from that period, when the tower
block and open plan properties were most popular, increasing by 249
per cent in the last 25 years.
Martin Ellis, Halifax housing economist, said: "Properties from the
Victorian or Edwardian era tend to be in higher demand: there are
fewer of them, they are often larger, situated in desirable
locations, and have a popular style.
Rarer properties often perform better, and in October it was
revealed by the Halifax that rural homes were performing far better
than their urban equivalents.