House price growth by type of property

As a homeowner, you’ll no doubt be interested in keeping abreast of trends when it comes to property prices. Even if you have no firm plans to move in the near future, it’s wise to stay familiar with the market. You never know when your circumstances might change or you want to move on to pastures new. Interestingly, house price growth is often closely linked to the type of property. Let’s take a closer look at the statistics, and consider what this means for you…

Semi-detached homes have seen the best price growth

According to @PropertyWire, ‘This type of property has seen price growth of 35.07% from the average house price of £162,201 following the financial crash to £291,087 today’. This is of course good news if you own this type of property, and you may already be making an excellent return on your investment. If you’re eager to find out the value of your home, then you should seek out a professional valuation. Having precise figures is always a great starting point before you make any big decisions.

Growth varies from one part of the UK to another

 

Property price growth isn’t just about the type of home. Location can also have a significant impact on the figures. In Scotland and Northern Ireland, for example, detached homes have shown the greatest growth compared to other property types. This goes to show that the property market can be complex, and it’s not often possible to make generalisations that will apply to every home. Your property is an individual, just like you.

There are some things you can do to improve your home’s value

 

There are certain factors that are entirely out of our hands when it comes to property value. You can’t, for example, change the location of your home or the type of property that it happens to be. But this doesn’t mean that you’re completely powerless. From improving curb appeal to making your space more energy efficient, there are many ways to improve your home’s value. Some projects will take time and money, but could create a great return on your investment.

If you’re thinking about moving, we can help you

 

When you’re not actively involved in the industry, understanding house valuations and market trends can be confusing. There’s so much to think about, and so many varying factors to consider. If you’re considering moving, we can give you the assistance you need. Whether you’re looking for a valuation or a handy guide to selling, we can walk you through the entire process with our expertise and professionalism.

 

Here at Musker McIntyre, we have over 40 years of experience in all areas of the property market. Our goal is to provide an honest, competitive and personal service to all our clients, and our track record speaks for itself. With that in mind, why not get in touch today and speak with a skilled member of the team?