Written on 2 July 2015 by Alistair Boscawen in London
Kensington and Chelsea is the most expensive place to buy a home in Britain.
Residential property in the royal borough costs an average of £11,635 per square metre, nearly six times the national average of £2,033 per square metre.
According to research by mortgage lender Halifax, all of the top 10 most expensive areas to buy a home in the UK are in London.
Homes in Westminster, in second place on the Halifax’s list, costs £9571 per square metre, while Camden, Hammersmith and Fulham, Islington, Wandsworth and Hackney also make the top 10.
Halifax says that across the country, house prices per square metre have surged by 18% since 2010.
But Greater London has experienced substantially faster growth than elsewhere in Britain with an average increase of 45%.
Halifax made its calculations by looking at average house prices across 331 towns, using its database, and dividing these by typical property sizes, to get the average price per metre squared. The cheapest properties in Britain are found in the Welsh town of Aberdare, where homes cost £910 per square metre.
Halifax came up with its price per square metre figures by looking at average house prices across 331 towns and dividing these by typical property sizes.
For more information click on the link below:
