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The number of homeowners in the UK whose property is worth more than £ 1 million has exceeded 0.5 million. The real estate portal Zoopla has published a study according to which almost 11,000 streets in the UK have an average property price of over £ 1 million. Of 10,958 streets, about 43% are located in London. Outside London, the largest concentration of expensive real estate streets in Surrey is in Guildford, where 158 streets have an average property price of more than a million, Leatherhead, where 154 streets have more than £ 1 million, and Richmond has 144 such streets.
All 13 streets with houses of a higher price category, where the average cost of real estate is more than £ 10 million, are located in London. The most expensive street in the whole United Kingdom is with the Kensington Palace Gardens W8 index, where the average cost of housing is £ 42591972, which is 150 times more than the national average cost.
The second place is held by Boltons street, with the index SW10, where the 9-bedroom house was sold in April 2015 for £ 51 million. The average cost of residential real estate in this place is £ 30288586.
Closing the top three is Grosvenor Crescent Street, with the prestigious SW1 index, where the average housing price is now £ 22752425.
Following London, Surrey and Buckinghampshire have also established themselves as the most expensive places to live in the UK. The cities of Virginia Water and Cobham, both located in Surrey, have an average property price of £ 1208638 and £ 1037825 respectively. Beaconfield, Buckinghamshire, is in third place at £ 982,660.
If you compare the areas of London by zip codes, then the W8 postal code in Kensington is still the most expensive index in the UK with an average price of real estate located in it – £ 2.77 million. The next expensive index is SW7, or Knightsbridge, where the average housing price is £ 2.43 million and the SW3 is the top three index – Chelsea, where the average real estate price today is £ 2.24 million. London continues to be the most expensive city in the world attracting investors and buyers from different parts of the world. Meanwhile, there are other cities in the UK where the price of real estate far exceeds the price of real estate in the rest of the UK. The common features of such cities are the low crime rate and excellent schools and colleges, which are enjoyed by young professionals and families with children.
® Alice Morgan 07/15/2015