It’s been a delightful decade for apartment prices in the United Kingdom. This is Money reports on the latest Halifax house price index, which found that the price of a “typical flat” in Britain has risen by 60% over the past 10 years. From December 2004 to July of this year, there was a 29.16% increase in the U.K.’s Consumer Prices Index—a measure of inflation. While apartments were the breakout star, price growth was present across several residential property types. Bungalows have increased in price by 28 per cent in the last decade, while detached homes have risen 21 per cent. Thomas van Straubenzee, of prime London estate agency VanHan, said: "It’s no surprise to us that flats have outperformed other types of property over the last decade." "Certainly in London, the increase in luxury developments has led to a spike in demand, especially among foreign buyers who appreciate the security and concierge services of modern luxury apartments."
Residential properties, of all types, achieved a 38% growth in prices over the 10-year span. [This is Money]View full listing (pictured top)