Kensington v Ebbw Vale: floor space price study highlights property divide

ONS figures compare prices per sq metre in England and Wales – and suggest new homes are, in fact, bigger than old ones

It now costs nearly £19,500 to buy enough residential floorspace for a decent-sized coffee table in London’s priciest borough – but only £777 to accommodate the same small piece of furniture in a living room in south Wales, according to official statistics that highlight a widening north-south divide.

According to the Office for National Statistics, the average cost of one square metre of residential floor space in England and Wales last year was £2,395.

Continue reading...

from The Guardian http://ift.tt/2gwpJiA