Pre-1919 homes see top price surges

Houses built before the end of the First World War have seen the biggest surge in prices over the last 25 years, but they have also suffered the most since the financial crisis, a study from Halifax has found.

Buyers have been wooed by the period charm of pre-1919 homes, which have risen in value by 461% on average over the last quarter of a century, the equivalent of £516 a month, to typically reach £188,473. This compares with the average house price rise of 357% or £449 per month over the same period to reach £172,506.