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Pre 1919 Homes Present Good Property Investment Opportunities
Homes built before 1919 could offer the most promising opportunity for property investment, having seen the largest increase in prices in the past 25 years.
According to the research from Halifax, properties built prior to the 1920s have seen a 461 per cent rise in prices. The average increase for all properties is 357 per cent.
In 1986, the average pre-1919 property cost £33,619. The average price now stands at £188,473.
Properties built after 1960 experienced the second largest increase of 348 percent.
Halifax housing economist Martin Ellis said: "Modern properties, built since 1960, have their own pull, which is sometimes linked to convenience."
He added: "Properties built between the end of the Second World War and 1960, on the other hand, include many smaller properties, which will contribute to the smaller rise in price."
Recent data from Halifax also suggested property markets in popular relocation destinations, particularly those in coastal regions, have performed best over the past decade, with prices doubling.
The East Riding of Yorkshire was the largest beneficiary from internal migration and saw a 127 per cent rise in prices.
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Article date: 12/7/2011 12:00:00 AM