Performance by Property Type
Although the overall market has shown price growth, the picture by property type is variable, some property types exhibit lower prices over the year whereas others notably detached houses and semi-detached bungalows have appreciated significantly. The quarterly evidence also demonstrates performance variability by property type.
Annual performance provides a snapshot comparing the current average price with corresponding statistics for the first quarter of 2009. For this time scale, the overall weighted rate of increase of 4.9% masks considerable differences in performance on a property type basis. At one extreme there is evidence of continuing price decline over the year with terraced/townhouses(£123,023) down by 2.3% on average and semidetached houses (£144,888) also down by 4.3% over the year.
Annual % change and average price
| Market Sector | Annual Change | Average Price | |
|---|---|---|---|
| Terraced house | -2.3% | £123,023 | |
| Semi-detached house | -4.3% | £144,888 | |
| Detached house | 20.7% | £292,852 | |
| Semi-detached bungalow | 15.6% | £137,706 | |
| Detached bungalow | 0.5% | £185,470 | |
| Apartment | 2.4% | £142,959 |
