Property in Kensington and Chelsea costs more than £10,000 square metres, says study

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.

For more information click on the source below:

This is Money

 

Alistair Boscawen

Alistair has 32 years’ experience as an estate agent, starting in the country house department of one of London’s main international agencies before moving to the Knightsbridge house department of the same agency and learning the difference in values between freehold, long lease and short lease houses in Knightsbridge, Belgravia, Chelsea and Mayfair.

All articles by Alistair Boscawen

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