How Do Property Types Affect Price?

Georgian terrace. Property Types: How Do They Impact On Price?

So, you're looking to buy or sell? Just how will the type of property you buy - or sell on - affect its price now and in the future?

By Kate Faulkner

Property Types: How Do They Impact On Price?

What Causes House Prices To Rise?

In the UK we are blessed with an enormous range of property types from character 400-year-old thatched cottages to trendy new penthouse apartments and two bed Victorian terraces.

As you'll see in What Causes Property Prices To Rise?, supply and demand is the major cause of prices being high or low. Each property type has its own supply and demand and therefore while house prices are falling for some property types, such as city centre flats, property prices for unique listed buildings could be rising at the same time.

The other factor that influences the price of different property types is that the UK experienced times of few properties being built and other times when huge housing estates were added to our property stock. As a result, some property types are typically worth more than others as they are in better locations.

Visit Designs on Property to find out more about the pros and cons of buying different property types from Grade 2 listed Buildings to a brand new penthouse apartment.

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