Pre-1919 UK Property Prices Have Increased the Most in the Last 25 Years. Properties built in the UK before 1919 have seen the biggest surge in prices in the last 25 years, according to new research published today Friday 02 December.The Halifax Property Age Review, which tracks price movements for four defined property age bands, has found that pre 1919 properties have risen by an average of 461%, equivalent to £516 per month from £33,619 in 1986 to £188,473 in 2011.
This is significantly more than the average house price increase for all properties of 357% or £449 per month.Properties from the Victorian era, famed for their high ceilings and fashionable detailing, the Edwardian period, with their decorative cornices, and the Georgian epoch, exemplified by the Circus in Bath, have all contribute to this surge in price for pre-1919 homes, it says.‘The age of a property often determines its size, its style and location. Properties from the Victorian or Edwardian era tend to be in higher demand as there are fewer of them, they are often larger, situated in desirable locations, and have a popular style. It’s easy to see why pre-1919 homes witnessed such a dramatic increase over the past twenty five years,’ said Martin Ellis, Halifax’s housing economist.After pre 1919 homes, properties built since 1960 have seen the next largest rise, increasing over the last twenty five years by 348% to £169,168. On the other side of the scale, however, properties built between the end of the Second World War and 1960, a period which saw the advent of the high rise and of more European open plan homes, have seen the smallest increase in prices with an average rise of 249% over the period.
via Pre 1919 UK Property Prices Have Increased the Most in the Last 25 Years – X-Press Legal Services.
