# Apartment prices rising faster than any other property type, new data reveals  Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2018-06-28 Category: LIFESTYLE Category URL: https://financedigest.com/category/lifestyle Meta Title: UK Apartment Prices Soaring: Regional Cities Exciting Investors Meta Description: Discover how the average UK apartment price has soared by £1,251 per month over the last 5 years, making regional cities like Liverpool and Newcastle prime URL: https://financedigest.com/apartment-prices-rising-faster-than-any-other-property-type-new-data-revealshtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/hadrians-tower-1736840309147-compressed.jpg) - **Average UK apartment price up by £1,251 per month over last 5 years (Halifax)** - **Regional cities such as Liverpool and Newcastle currently exciting investors (Surrenden Invest)** - **Strength of labour market continues to support house prices (Halifax)** Newly released [data from Halifax has shown that the average](https://www.financedigest.com/average-annual-uk-grocery-bill-highest-since-at-least-2008-industry-data.html "Average annual UK grocery bill highest since at least 2008 -industry data") UK apartment has increased in value by £1,251 per month over the past five years, rising by £75,074 over the period. ![Hadrian's Tower](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/hadrians-tower-1736840309147-compressed.jpg) Hadrian’s Tower Although [apartments](https://www.financedigest.com/significant-savings-stratford-apartment-one-week.html) make up just 15% of all home sales, their relevance to urban [labour markets](https://www.financedigest.com/spains-labour-market-resilient-as-unemployment-drops-in-nov.html "Spain’s labour market resilient as unemployment drops in Nov") is increasingly important. This is borne out by the Halifax data, which shows an increase of 48% in apartment values between 2013 and 2018, compared with an increase of just 42% for terraced [houses and 27% for detached homes](https://www.financedigest.com/manufactured-homes-unique-opportunity-to-aid-the-housing-crisis.html "Manufactured Homes’ Unique Opportunity to Aid the Housing Crisis  "). **“The sustained level of demand for apartments in regional city centres has shown solid credentials, even in the wake of the Brexit referendum. With dynamic local economies and solid labour markets, regional cities are an enticing prospect for those looking to make capital gains, whether as owner-occupiers or investors. In fact, the majority of investors we work with now come to us with a regional city [firmly in mind – London has lost its shine as a residential investment](https://www.financedigest.com/toshiba-in-talks-with-four-investment-firms-for-strategic-ideas-sources.html "Toshiba in talks with four investment firms for strategic ideas -sources") prospect as the UK’s other cities are producing better returns.”** **Jonathan Stephens, MD,** [**Surrenden Invest**](http://r20.rs6.net/tn.jsp?f=001JVvnPmMf31lBqftQcf65A6GOyeEhU_onLcsQh9CGltoblnSvHtZzj-u8rhc-NRemF7uP4o2Lh4NlSBumaTWersV1vI248ivdW9vHTVldoK41Eikc8KIiqRcvlSlSnS-t1jJBTbeT5EV3iSGK-AsNBNv1E-X2ReMFTJj6vYXg5K-yyadGc7CUxw==&c=Xrg35KQdI-RQJY7c6JJoRj3dDxH2YZSisd8ugv3DJM2GMaqM_Z_v6A==&ch=qfpWIkjI7LrMZHxCa8D_WP0BkZLgn2yKrkG6MKtt1ik70VXWt6oXzg==) Liverpool is one city that has benefitted from this new breed of regionally focused [property investors](https://www.financedigest.com/some-uk-property-funds-defer-investor-withdrawals.html "Some UK property funds defer investor withdrawals"). Developments such as [The Tannery](http://r20.rs6.net/tn.jsp?f=001JVvnPmMf31lBqftQcf65A6GOyeEhU_onLcsQh9CGltoblnSvHtZzjwkYMCjXjsHVcshiXaMaaYGBKt_EXIoUvZVSrCwVwPn4tEUN4nrtGjeACjp5ObdMQZWJzdAHKydt6QTuM-cu23KPvE1Ych3RHBpN7dlw_Ukq8qaVqVs741lg4MMnS9ECYMRn4gDpoR9ur0NpfbmS4I3TYquAYULOtrsCxc9dKesZbAM0uzsdXgE=&c=Xrg35KQdI-RQJY7c6JJoRj3dDxH2YZSisd8ugv3DJM2GMaqM_Z_v6A==&ch=qfpWIkjI7LrMZHxCa8D_WP0BkZLgn2yKrkG6MKtt1ik70VXWt6oXzg==), which offers bright, contemporary residences with beautifully presented interiors, are drawing in both domestic and international investors. [Hadrian’s Tower](http://r20.rs6.net/tn.jsp?f=001JVvnPmMf31lBqftQcf65A6GOyeEhU_onLcsQh9CGltoblnSvHtZzj3QQvXFK3ZLxvG8wkZkHJCgO1VKfe69agDxRdVsk5q9KxvfqL_7fpvh4k2UAQ6qFVK-8V9oxx4nK9HVt2z0bB-i0Dbwxjx5X3DQ8E4jw9dPZRkTKkRzqciK3lKb1nwo_QVI52erE45-eK2kmZyfz6ITac0tgvfRCcwA3nTtqSD1uxj0bh9Vb_gE=&c=Xrg35KQdI-RQJY7c6JJoRj3dDxH2YZSisd8ugv3DJM2GMaqM_Z_v6A==&ch=qfpWIkjI7LrMZHxCa8D_WP0BkZLgn2yKrkG6MKtt1ik70VXWt6oXzg==), in Newcastle, is another such example. Its blend of exceptional [apartments](https://www.financedigest.com/significant-savings-stratford-apartment-one-week.html) and innovative social spaces is precisely what [investors](https://www.financedigest.com/the-rising-power-of-retail-investors-how-individual-traders-are-shaping-the-stock-market.html) are looking for. Halifax’s latest House [Price Index shows a monthly](https://www.financedigest.com/world-food-price-index-falls-for-sixth-month-in-sept-fao.html "World food price index falls for sixth month in Sept -FAO") rise in home values of 1.5% during May, following a brief wobble in April. The lender flags up the labour market’s performance, along with low [interest rates](https://www.financedigest.com/london-stocks-slip-ahead-of-key-interest-rate-decisions.html "London stocks slip ahead of key interest rate decisions"), as two of the reasons behind this. ![Halifax](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/halifax-1736840309093-compressed.jpg) Halifax **“The continuing strength of the labour market is supporting house prices. In the three months to March the number of full-time employees increased by 202,000, the biggest rise in three years. We are also [seeing pay growth edging up and consumer price inflation falling](https://www.financedigest.com/uk-retailers-report-record-food-inflation-but-see-falls-ahead.html "UK retailers report record food inflation but see falls ahead"), and as a result the squeeze on real earnings has started to ease. With interest rates still very low we see mortgage affordability at very manageable levels providing a further underpinning to prices.”** **Russell Galley, [Managing Director](https://www.financedigest.com/tmwi-appoints-matt-franceschi-as-deputy-managing-director-to-help-spearhead-the-integrated-media-agencys-ongoing-growth.html "tmwi appoints Matt Franceschi as Deputy Managing Director to help spearhead the integrated media agency’s ongoing growth"), Halifax** With the UK population expected to pass 70 million by mid-2029, and urbanisation increasing steadily (from 80.2% in 2006 to 82.84% in 2016, according to Statista), demand for city centre apartments looks likely to remain strong over the [years ahead](https://www.financedigest.com/global-stocks-to-grind-higher-lacklustre-year-ahead-reuters-poll.html "Global stocks to grind higher, lacklustre year ahead: Reuters poll"). And with apartment prices increasing at a faster rate than any other kind of accommodation, they are sure to remain the property of choice for [investors looking to make the most of their money](https://www.financedigest.com/virgin-money-shares-leap-on-higher-profit-investor-payouts.html "Virgin Money shares leap on higher profit, investor payouts"). --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---