UK apartments ‘earn’ £1000 per month

UK apartments ‘earn’ £1000 per month

Popularity of apartments in the UK has seen the average price grow by £1,000 per month since 2008, the strongest price growth of any property type in the nation.


  • The average cost of an apartment in the UK has increased by £1,000 every month since the end of 2008
  • Flats and apartments have experienced the strongest price growth of all property types, adding almost £90,000 to their value in 8 years
  • Buyers are on average paying almost £20,000 more for an apartment than for a semi-detached home

The price of an average flat in the UK has risen by over £1,000 a month since 2008.

New research from Halifax has found that an average flat in the UK saw its value increase by £1029 every month since 2008, when prices were at a low of £150,749 compared to £237,223 in 2015.

The 57% increase in the average price of a flat is significantly higher than the 37% rise for all residential properties over the same period.

It now means that buyers are on average paying £17,978 more for a flat than for a semi-detached home, meaning only detached properties and bungalows command a higher price nationally.

Detached homes recorded the smallest rise, 20%, over the past seven years, while terraced and semi-detached houses saw price rises of 38% and 34% respectively since 2008.

Prices have increased by around 20% across all property types since 2013 with the exception of detached properties, which have seen a much lower rise 8%.

Separate figures from the Office for National Statistics (ONS) show that in the 12 months until September 2015, flats accounted for the biggest proportion of new-build properties selling for more than £1 million. Of 1,306 sales of £1 million-plus new-build homes in England and Wales, 804 were apartments or maisonettes.

Subscribe to our newsletter

Please enter your name and email address

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Select Property Group in relation to its property investment brands.

There was an error with your subscription. Please try again.
Thank you for subscribing. You will now be fully informed of all investment property news and insights.