Last updated on September 4th, 2022 at 08:02 pm

London has highest house prices per m²; North East the lowest

The figures relate to houses and flats, and the highest cost, as would be expected, is in the London area, with an average house cost of £6,500 per m² in 2016.  This is an increase of around 98% on the average cost in 2004 of £3,500 per m².  The lowest cost per square metre in 2016 is in the North East, where the average is only £1,270 compared to £1,170 in 2004.

Yorkshire and the Humber have the third lowest prices at £1,580 per m² in 2016 compared to £1,270 in 2004.

It is probably no surprise to note that houses in the Kensington and Chelsea borough have the highest cost per square metre at almost £19,500 in 2016!

Cost per room in Yorkshire third lowest

When looking at cost per room, again London has the highest averages at £132,000 per room in 2016, compared with £66,700 in 2004.  The North East is the lowest again, with a cost of £35,500 per room in 2016 compared with £24,300 in 2004.  Yorkshire and the Humber show an increase from £26,200 per room in 2004 to £36,300 in 2016.

There has been a very small increase in the number of rooms and square metreage of homes during the measured period.

The figures relating to the type of properties people are buying have shown a small change too.  The purchase of terraced houses and flats both decreased from 32.5% in 2004 to 29% in 2016, whilst the purchase of detached houses increased from 21.4% in 2004 to 29% in 2016.

(Please note that figures are all rounded for easy reading.)

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Caroline Murray, partner and head of property department.