Prices of detached properties increased three times faster than those of flats, according to mortgage lender

Demand for detached houses in the UK has boomed during the coronavirus pandemic, driving up prices three times faster than for flats as working from home boosted the popularity of bigger homes.

Buyers paid an average price of £486,595 for a detached property in December – 10% more than in December 2019, according to the mortgage lender Halifax.

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