Homeowners thinking “how am I going to sell my property” may be interested to hear that houses built before 1919 have seen their values fall faster than properties built in any other period.
According to new figures from the Halifax, the average price of a house built prior to 1919 is £188,500 today, down from £269,000 in 2007.
Meanwhile, houses built between 1919 and 1945 have fallen in value by a quarter since 2007 to an average price of £180,100.
In addition, properties built between the end of the Second World War and 1960 have also fallen by a quarter to £145,000.
Houses built after 1960 have been the most resilient in recent years, losing a fifth of their value to an average of £169,000.
Martin Ellis, housing economist at Halifax, said older properties may have fallen out of favour because they tend to be bigger and are therefore more expensive to buy.
December 8, 2011 at 8:00 am | Uncategorized |
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