- The disparity between the price of houses and flats in the UK has reached its widest point in at least three decades, with the average house now costing 1.7 times the price of a typical apartment.
- Since 2016, average house prices have surged by 43 per cent, while flats have seen a more modest 10 per cent increase, widening the house-to-flat price multiple from 1.3 to 1.7.
- This growing gap presents a significant challenge for aspiring homeowners and 'second steppers' looking to move from flats to larger houses.
- The average house in the UK is priced at £327,000, which is £134,000 more than the average flat price of £193,000.
- Outside London, the average house-to-flat price gap is even wider at 2.3 times, with the largest disparities found in the Midlands and northern regions, such as the West Midlands where a house costs 2.5 times a flat.
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