New research shows that while the UK homebuyers are paying far more than those in many other countries, the properties they purchase are amongst the smallest.
PropTech firm Moverly analysed the average size of a home across 19 nations, comparing them to the UK.
The research shows that, at an average of just 818 square feet, the UK is home to one of the smallest average property sizes in the world. Of the other 19 nation’s analysed by Moverly just China (646 square feet), Russia (614) and India (504) were smaller.
In contrast Australia tops the table, where the average home comes in 182 per cent larger than the UK at 2,303 square feet.
New Zealand (2,303 square feet), the United States (2,164) and Canada (1,948) are also substantially larger than the UK.
At an average of 1,475 square feet, Denmark boasts the largest average property size of the European nations analysed by Moverly, followed by Greece (1,356) and Belgium (1,293).
The average home sizes in the Netherlands, France, Germany and Spain also come well above the UK average.
But it’s not just size where these nations are beating the brits when it comes to bricks and mortar.
The average price of a home in the UK is currently £351 per square foot, far higher than the average price of property in Germany (£236), Canada (£218), France (£212), Australia (£208), Spain (£141) and the United States (£126).
Moverly co-founder Ed Molyneux, comments: “Housing delivery and just where to build is a hot topic in the UK and with space being such a valuable commodity, UK homes rank as some of the smallest when compared to many other global nations.
“Despite this, the UK remains home to one of the most valuable bricks and mortar property markets in the world and those looking to climb the ladder will pay considerably more when compared to many other foreign countries.”
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