The gulf between the cost of a flat and a house has reached its highest level for 30 years, with buyer concerns over leasehold properties largely to blame.
Average prices for houses have increased by 43 per cent since 2016, while flat prices have risen by just 10 per cent over the same period according to property website Zoopla.
The typical cost of a house is £327,000, while a flat is £193,000.
This means houses now typically cost 1.7 times more than flats. A decade ago houses generally cost around 1.3 times more than flats.
The West Midlands is home to the ‘most extreme’
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