New analysis from TwentyEA reveals that the common sq. footage slot worth within the UK has risen by 23.6% since 2019, with The South West seeing the most important enhance over the past 4 years, up by a large 29.9%.
The East Midlands has seen the second highest hike in common sq. footage costs since 2019, with costs up by 29.1%, adopted by Wales with 28.1% will increase.
There’s a enormous disparity in how a lot area home-movers’ cash should buy for his or her cash, with worth per sq. footage variances between the North East and London being the most important, the place London is over six occasions dearer.
The typical value for one sq. foot of property within the UK is at the moment £331, however in internal London the determine rises to £724. Exterior the capital, there are massive regional variances, with one sq. foot of area in Wales costing £226, whereas in Scotland the determine is £200.
Katy Billany, Govt Director of TwentyEA mentioned, “The North East is the most affordable area within the UK for one sq. foot of property – coming in at simply £170.
“The analysis reveals the size of distinction with regards to how a lot area you may get in your cash in numerous elements of the nation, displaying that location is a significant component in property costs.”
TwentyEA has over 15 years of expertise offering knowledge to the residential property market professionals and holds the UK’s largest and richest useful resource of factual life occasion knowledge together with the most important, most complete supply of house mover knowledge compiled from greater than 29 billion certified knowledge factors.
TwentyEA is a part of the TwentyCi group of corporations that use knowledge science to enhance business outcomes for shoppers.