Written on 1 July 2014 by Alistair Boscawen in Property News
Upmarket London borough, Kensington and Chelsea, has been confirmed as the most expensive place to buy a property in the UK.
Data has shown that just one square metre of property in Kensington and Chelsea will set you back £10,845 on average.
Building Society Halifax found that the borough, favoured by the super rich, oligarchs and celebrities, was some 12 times more expensive than the former colliery town of Stanley, in Durham; where property is £818 per square metre – the lowest average price in the UK.
Westminster, Hammersmith and Fulham had the second highest average price, with respective values £8,925 and £7,804.
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