Terraced homes top price growth tables

Terraced houses are seen in this undated file photo. Terraced homes have seen the largest increase in property prices over the past decade, a study showed on Friday.

LONDON (Reuters) - Terraced homes have seen the largest increase in property prices over the past decade, a study showed on Friday.

The average terraced house price has surged by 239 percent in the past ten years, according to figures from Halifax, Britain's largest mortgage lender.

Flats and maisonettes rank second, with a 235 percent increase, followed by semi-detached homes at 211 percent.

That compares to overall house price growth of 205 percent.

Detached homes and bungalows experienced below-average price increases of 196 percent.

Despite the strong growth in the price of terraced properties, detached houses still have the highest average price of all property types.

The average price of a detached home is now 326,396 pounds, compared to 110,240 pounds at the end of 1996.

Terraced properties command an average price of 186,316 pounds, up from just 54,945 pounds ten years ago.

Tim Crawford, group economist at the Halifax, said: "Although the average price of a terraced house is still below the UK all property average, the gap has narrowed."

The availability of property types and composition of historic housing stock had created "big regional differences", he added.

"For instance, the availability and popularity of flats in London is much greater than in other regions of the UK."