Detached properties see large price growth

[kukuuk101]

Detached property prices in the UK have increased by 40.8 per cent over the last five years.

That is according to Nationwide, which has compiled a report on the state of the UK housing market, with the first segment focussing on detached houses.

It found that a typical UK detached property is now worth £246,516, with prices having increased by 2.9 per cent in the last year.

The properties are most likely to be sold in the East Midlands, where detached houses accounted for 32 per cent of all property sales.

Perhaps unsurprisingly, London has the least detached property, with these types of houses accounting for only four per cent of sales.

Nationwide's research also highlighted that the majority of detached properties in the UK were built after World War One (69 per cent), with only 14 per cent new builds and 17 per cent prior to the war.