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According to new research by the Halifax, detached properties have increased in value by an average of £642 (GBP) per month over the last 10 years.

Property investment figures released by the Halifax, showed that the average price of a detached property in the UK has grown by 38% or £77,000 (GBP) to £282,211 (GBP) since the second quarter of 2002.

It is the largest cash increase in value compared with all other property types.

The past decade has seen the average price of terraced houses grow by 41% to £151,568, while the average price of both semi detached properties and bungalows has grown by 37% to £165,565 and £185,365 respectively.

The best-performing property type since the financial crisis hit in 2007 has been the humble bungalow.

In the past five years, bungalow prices have fallen by just 19% to £185,365, compared with a 21% decline in the average price of a detached property and a 24% fall in the price a semi-detached.

Martin Ellis, housing economist at Halifax, said “Although property types have fallen across the board, the worst hit were flats and terraced homes. These types are particularly popular with first-time buyers and their sharper price falls probably reflect the difficulties that those looking to enter the market for the first time have been facing.”

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New Data Shows A Surge In UK Buy-To-Let Property Purchases

New Data Shows 2012 Surge In UK Buy-To-Let Property Purchases

Independent research commissioned by specialist Buy-To-Let mortgage lender Paragon Mortgages has revealed a surge in house-buying activity by landlords as property investors snap up residential properties for rental.

UK landlords increased the number of rental properties in their portfolios from an average of 9 to 10.8 residential properties in the first quarter of 2012.

The new report, produced by independent researchers BDRC Continental, also shows that 20% of existing UK landlords expect to purchase more property over the next 12 months, and that the average UK rental property houses 1.3 tenants.

2 Bedroom terraced houses continued to be the most popular property choice for Buy To Let property investment (64%), followed by flats and semi-detached houses.

Property auctioneers have also independently been reporting increasing numbers of buy-to-let purchasers in property auction sale rooms across the UK.

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