Zoopla said the gap between house and flat prices was at the narrowest on its records back in 2002, and up until the coronavirus pandemic, flat and house prices had grown at a similar pace.
Richard Donnell, executive director at Zoopla, said: “Buyers are still prioritising houses over flats but there are opportunities for canny buyers prepared to do their homework and weigh up the purchase of a flat rather than potentially waiting longer to buy a house.
The website said that in general, growth in property values, stalled or slowed across the majority of UK regions and nations in January, partly reflecting some buyers starting to factor in higher stamp duty costs from April.
– Here are average flat prices followed by average house prices in January 2025, according to Zoopla:.
Flats currently account for around one in four homes on the market, Zoopla said, with the early weeks of 2025 having seen a particularly strong increase in the number of flats for sale.
