Kensington is UK’s most expensive area

Kensington in London is the most expensive place to live in the UK, according to new figures released by property website, which highlighted a widening gap between house prices in the North and the South.

Britain’s Property Rich List 2011, released by the website, showed that average house prices in Kensington were close to £1.75 million.

Zoopla said the average homeowner in the UK would be able to afford only 173 sq ft in the area.

It also found that the highest value areas to live are mainly in London and Surrey, with average house prices in the £680,611-£1,737,862 range.

Source: Assetz