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One home in London or 25 in Scotland

24 March 2014

An average three bedroom house in the most expensive part of Britain costs 25 times more than the equivalent property in the cheapest area, according to recent research illustrating the stark divide in the UK housing market. A house price survey covering 376 council areas across the country has found that while a mid-range three bedroom family home in Kensington and Chelsea sells for an average of £1.8 million, in East Ayrshire a similarly sized property goes for just £72,500.   The data compiled by the property analysts Hometrack, shows how prices in cities such as Edinburgh, Glasgow,...

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