Property buying guide for United Kingdom
Article 1 of 6
Overseas property
Articles
Article snippet
Tranio logo

Property prices in the UK in 2020

37 views · · updated
UK
ZGPhotography / Shutterstock

Real estate prices in the United Kingdom (UK) vary greatly across regions. In London, its suburbs and South East England, prices per square metre are much higher than the rest of the country. Prices are relatively low in Scotland and North West England.

Property in London is in high demand among foreign nationals. Prime property in upscale districts — Belgravia, Kensington, Knightsbridge and Mayfair — costs several million pounds. Other locations popular with property buyers are the counties around London (Surrey and Sussex) and cities in the south (Brighton, Cheltenham, Bath, Dartmouth, Poole and Salcombe). Additionally, flats are often bought for student lease in cities with large student populations, such as Liverpool and Manchester.

According to Nationwide, residential property prices in the UK grew by 30% and by over 60% in London from 2009 to 2019. Savills analysts expect the price per square metre to grow over 15% nationwide, 10.9% in the east of England and by 11.5% in London (by up to 20.5% in its central districts) from 2020 to 2024.

Average price (£) Price increase since 2018 (%)
England 251,222
1.7
Northern Ireland 139,951
4
Scotland 154,798
3.5
Wales 172,574
7.8
London 475,458
0.2
Source: www.gov.uk
Share the article

Subscribe not to miss new articles

We will send you a content digest not more than once a week

Subscribe
    I confirm that I have read and accept the Privacy Policy and Personal Data Processing Guidelines.

    Done!

    Property buying guide for United Kingdom
    Article 1 of 6
    Tranio’s managers offer advice on buying real estate in the United Kingdom
    Anna Boyarchukova
    Anna Boyarchukova
    Head of the Residential Department
    +44 17 4822 0039
    Send a request
      I confirm that I have read and accept the Privacy Policy and Personal Data Processing Guidelines.
      • 0% commission to Tranio
      • Residence permit support
      • Mortgage rates from 2%