Property prices per square metre – Greater London dominates

Property prices per square metre have increased by 432% in Greater London in the last 20 years – against a national average increase of 251%, according to new findings from Halifax. 

Over the last two decades there has also been a widening gap between London and the South East and the rest of the UK when it comes to prices. 

Since 2011, this has become even more pronounced, with London's property boom ensuring that prices in the capital have grown by nearly double that of the rest of the country.

It is therefore no surprise that the most expensive area in Britain to buy a home can be found in London.

There are seventeen areas – all located in Greater London – which have an average price per square metre of above £5,000. 

At the other end of the spectrum, Airdrie in Scotland had the lowest average price of £1,019 per square metre. 

Four of the six towns with the lowest prices per square metre were from north of the border, with two in Wales – Llanelli (£1,028) and Neath (£1,065) – and four in northern England. 

More than anything, Halifax's research showed that the North/South property divide is bigger than ever, and only looks to increase further as the prosperity of London and the South East continues to draw jobs, investment and labour. 

While this is bad news for sellers outside of southern England, those who are looking to sell their home in London and the South East have much more reason to be cheerful. 

With a well-targeted and well-marketed property, sellers should have no issue in achieving their asking price or above. 

Demand has shown no signs of slowing down, with the first-time buyer market currently thriving thanks to tax changes on buy-to-let properties.

For more information about how to get your home sold, please get in contact with Sandra Davidson on: 0208 551 0211. 

As the leading independent estate agent in Redbridge, we have the skills, experience, local knowledge and know-how to get your home sold for the best possible price.

If you would like to find out an estimate of your property's current market value, check out our free and instant online valuation tool