House prices in Reading: house prices 40% above UK national average
Reading house prices are around 40% higher than the UK national average, according to new data from Zoopla.
The average cost of buying a square meter of property in Reading is currently £ 396, while the UK national average is just £ 282.
Data from July shows the average house price in the Reading area is now £ 313,400, a 3.2% increase from summer 2020.
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Prices are even higher in Wokingham, where the average cost of a property per square foot is £ 379.
However, London remains the most expensive place to buy a house, where the average cost of a property per square foot is £ 429.
Other parts of the UK are much cheaper, with the average cost of a square foot in Wales being £ 199 and the average cost in Burnley, the cheapest town in the UK, just £ 123 .
Data shows the cost of the space needed to fit a standard double bed for a new home in Wokingham would be around £ 13,400, while in Reading and West Berkshire the cost is slightly cheaper, with a bedroom double costing residents £ 11,824 and £ 11,825 respectively.
The most expensive place to rent in the UK is London and the floor space required in a house for a double bed would cost £ 46,550 in Kensington and Chelsea, which is almost the average price of a house in London in 1986, depending on the field. registry site.
Local estate agents have said Reading and Wokingham have been popular places for home buyers for many years due to factors such as the M4 motorway, good schools and the area’s closeness to London.
Micheal Hardy Estate Agents explains on his website that Wokingham is popular because it’s a great place to live, a great option for families and there are great transport links, arguing ‘there is something for everyone in and around Wokingham ”.
Gráinne Gilmore, head of research at Zoopla, said: “Research reveals that the average cost per square foot of property in Reading and the surrounding area is significantly higher than the national average, showing that the city’s growing popularity for home buyers is a major impact on the value of homes in the area.
“Nationally, we are also seeing that the type of property has an impact on the cost of space.
“The pandemic has spiked many residents across the UK looking for more space, which means house values are rising faster than apartments.
“As a result, homes show higher values per square foot. Reading residents who are considering selling a family home will really be in pole position. “
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