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TODAY'S OTHER NEWS

Apartments branded ‘least popular’ property type based on sales

A PropTech website has broken down the sales recorded by HM Land Registry in 2019 into property types - and apartments have proven the least popular.

GetAgent says the terraced house tops the list with 29.4 per cent of all transactions, closely followed by semi-detached homes with 29.0 per cent. 

Detached houses accounted for 24.4 per cents of sales, while flats proved the least popular nationally with just 17.3 per cent of transactions.

Some locations bucked the trend: flats were the most popular in London, and tied with terraced homes as the most popular in terms of sales in the county of Berkshire.

“The terraced house tops the table for a few reasons. It offers more space at a more reasonable price point to a semi-detached or detached home and is the logical ‘next step’ for home buyers looking to put down stronger roots when advancing from a flat” according to Colby Short, GetAgent’s chief executive.  

“It also allows housebuilders to provide more stock in new developments with the space they have to build on and this heightened level of supply hitting the market for the first time also increases sales” he adds.

“Finally, those moving into semi-detached or detached homes tend to do so for the long haul whilst those moving into a terraced house may well move a few years down the line.”

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