Is that a headline appropriate for Brexit Day? Surely not. No, instead it’s a description of the results of a survey of 2,000 assessing their knowledge of the housing market.
And it appears that the public have very little understanding of house prices for a start.
Almost one in five people across the UK wrongly believed a four-bedroom barn conversion in Blackburn cost more than a two-bedroom penthouse in London; in reality there’s a £2.49m difference with the London home priced at £2.85m and the barn conversion £360,000.
An even higher proportion of Londoners were clueless: 25 per cent of people from the capital incorrectly believed that the Blackburn barn was the pricier option.
People were also confused when it came to the cost of a five-bedroom detached house in Norwich and a six-bedroom detached house in Suffolk.
One of these costs double the price of the other, although 35 per cent of those surveyed failed to correctly identify this: amongst 25 to 34 year olds no fewer than 46 per cent got the wrong answer.
When it comes to how well we know house prices in our local area, the majority of people in Leeds correctly predicted that a five-bedroom semi-detached property in their city is worth more than a three-bedroom detached house in Nottingham. But the people of Nottingham incorrectly assumed that the house in their city was the priciest.
The survey was conducted on behalf of online agency Housesimple; the agency’s chief executive, Sam Mitchell, says: “Property prices are a national obsession, so it’s interesting to see from the results that the majority of Brits may not know what they could get for their money in other parts of the country.”
You can try out the quiz for yourself here.