Home Residential Property These are Britain’s top 10 most expensive places to buy property

These are Britain’s top 10 most expensive places to buy property

by LLP Editor
23rd Jun 15 11:10 am

How many in London?

Where are Britain’s top 10 most expensive places to live? In London, of course.

According to a study by Halifax, the capital boasts Britain’s priciest postcodes.

West London’s Kensington and Chelsea topped the list with just one square metre of property in the borough costing on average £12,000.

This is nearly six times the national average of £2,033 per square metre.

Second on the list is Westminster with one square metre of property fetching £9,571.

Halifax’s study is based on average house prices across and typical property sizes across 331 towns.

Craig McKinlay, mortgages director at Halifax, said: “House price per square metre is a useful measure for house price comparison because it helps to adjust for differences in the size and type of properties between locations.

“Parts of central London are substantially more expensive than anywhere else in the country.

“Nonetheless, there are a number of notable pockets outside the south of England where property prices are also high price per square metre. 

“There has been a clear widening in the gap between southern England, particularly London, and the rest of the country over the past 20 years – a trend that has continued during the last five years.”

Take a look at the 10 most expensive areas per square metre in Britain:

1. Kensington and Chelsea, London, £11,635

2. Westminster, London, £9,571

3. Camden, London, £8,829

4. Hammersmith and Fulham, London, £8,306

5. Islington, London, £7,399

6. Wandsworth, London, £6,761

7. Richmond upon Thames, London, £6,265

8. Hackney, London, £6,196

9. Tower Hamlets, London, £5,980

10. Southwark, London, £5,962


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