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Pre-WW1 homes see biggest house price increase

This is significantly more than the average house price increase for all properties of 357% (£449 per month).

Properties from the Victorian era, famed for their high ceilings and fashionable detailing, the Edwardian period, with their decorative cornices, and the Georgian epoch, exemplified by the Circus in Bath, all contribute to this surge in price for pre-1919 homes.

Martin Ellis, Halifax Housing Economist, said: "The age of a property often determines its size, its style and location.

"Properties from the Victorian or Edwardian era tend to be in higher demand: there are fewer of them, they are often larger, situated in desirable locations, and have a popular style. It’s easy to see why pre-1919 homes witnessed such a dramatic increase over the past 25 years."

After pre-1919 homes, properties built since 1960 have seen the next largest rise in house prices, increasing over the last 25 years by 348% to £169,168.
On the other side of the scale, however, properties built between the end of the Second World War and 1960 – a period which saw the advent of the high rise and of more European open plan homes – have seen the smallest increase in prices with an average rise of 249% over the period.

Ellis said: "Modern properties, built since 1960, have their own pull, which is sometimes linked to convenience; whether it is location on a commuter belt or the fact little extra work is needed.

"Properties built between the end of the Second World War and 1960, on the other hand, include many smaller properties, which will contribute to the smaller rise in price over the last 25 years. "

However, a significant reversal has occurred since the housing downturn in 2007: while houses built before 1919 have seen the largest price growth over the past 25 years, they have performed the least well since 2007 with average prices contracting by 30%. Property values for those built between 1919 and 1945 and 1946 to 1960 have declined by a quarter in the same period, while the average price of houses built since 1960 has fallen the least since 2007 (19%).

Ellis said: "There are many intricate reasons for the reversal in fortunes for pre-1919 homes since 2007, of course. We may suggest, however, that demand for larger properties has dipped more than for smaller properties in the context of more constraining economic conditions since 2007."

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