Four types of properties rise in value
Homeowners considering whether to build a conservatory to help boost the value of their property may be interested in a recent statement from a body specialising in the residential sector.
According to the National Association of Estate Agents (NAEA) latest Housing Market Report, the average price of abodes across the UK has risen in the past month.
Furthermore, this trend was apparent across the four main kinds of home, with terraced addresses up six per cent from £169,666 to £180,696.
The price rise in semi-detached houses was less apparent – up four per cent to £209,980.
Meanwhile, those in detached properties can now expect them to be worth £311,305 on average, which represents a rise of eight per cent.
Brits with homes considered in the premier price bracket may have seen the biggest rise, with values increasing 12 per cent from £491,739 in June to £559,967 in July.
"The positive signs are that the mass media are talking in a more positive manner and vendors are now reading that the market is improving," explained NAEA spokesman Colin Shairp.
Despite this sentiment, Liberal Democrat shadow chancellor Vince Cable recently warned the economy was "not yet out of the woods".