Prices of terraced houses have gone up faster than any other type of property over the last year, new figures from the Land Registry show.

The study found terraced properties experienced growth of 10.16 per cent, almost double that of detached homes, at 5.96 per cent.

The average price of a terraced property is now £167,259, compared to £151,826 for the same period last year.

RICS' (The Royal Institution of Chartered Surveyors) senior economist David Stubbs said: "House prices are rising at the fastest pace since early 2005, confirming the rude health of the property market.

"A strong economy and still accommodative financing conditions are helping support strong housing demand."