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Would you rather have a shoebox in London or a mansion in Wales? One square metre of space hits £12k in Kensington, as Britain's property divide sprea
posted on Jun 25, 2015
- One square metre in Kensington and Chelsea costs about £12,000
- The UK average is £2,033 and the cheapest is Aberdare in Wales at £910
- Halifax finds 'marked widening' between North and South in last 20 years
The gulf in property prices between London and the rest of the UK means that for the price of a 40 square metre one-bedroom flat in Kensington and Chelsea, a buyer could instead opt for a 512 square metre mansion in Wales.
Meanwhile, someone buying one property in the most expensive postcodes of the capital could buy half a dozen of the UK's averagely priced homes of the same size.
The London borough of Kensington and Chelsea is the most expensive area in the UK to buy with one square metre costing about £12,000, nearly six times more than the national average.