ANALYSIS: 8 Reasons Why Flat Prices Grew Slower Than Houses

Published on December 15, 2023

COVID-19, mortgage rates, help-to-buy, and the grenfell tower fire are some of the reasons why flat prices fell further and further behind in the recent years, experts said. The Epoch Times’s analysis of HM Land Registry property data in the past decade found that the rate of price inflation for flats in England and Wales began to slow at around 2017. Although the growth gathered pace again after 2020, it was weak compared to house prices, which increased much faster across Great Britain. Analysis of HM Land Registry data on sale prices of properties in the past decade using prices in September. (The Epoch times) According to experts, a number of factors could have been at play, with the most obvious one being COVID-19 lockdowns, which brought forward a transition to home or hybrid working....

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