London has the highest square footage?

[LotusACBC]

My OH < {see, im learning not to say my 'girl' ) decided to try and impress me with a fun fact she got from Elle Decor magazine. it didnt make much sense to me, so I asked her to show it to me. This is what it says: London has the highest average housing price per square foot in the world: $6,191

Can someone please explain that, I dont understand how they ended up with that figure.

EDITED TO READ $6,191

Edited by LotusACBC on Saturday 18th October 02:01

Edited by LotusACBC on Saturday 18th October 02:01

[Plotloss]

Took the total value and divided it by the total square footage?

Take Kensington Palace Gardens as an example.

Over $1Bn of housing on that one street alone.

Edited by Plotloss on Friday 17th October 23:53

[LotusACBC]

Plotloss said:

Took the total value and divided it by the total square footage?

Take Kensington Palace Gardens as an example.

Over $1Bn of housing on that one street alone.

Edited by Plotloss on Friday 17th October 23:53

I wonder what NYC is in comparison to London.

[Plotloss]

Not a million miles behind but then its miniscule in comparison, depending on your definition of how large London is.

[130R]

I'm pretty sure Monaco is the most expensive actually.

[LotusACBC]

So how much then would a 2000 square foot house? The figures dont line up?

[gingerpaul]

Hong Kong? I'm sure I've heard $100s per square foot banded around.

Edited by gingerpaul on Saturday 18th October 00:28

[Maxf]

The stat sounds like bks to me.

$6 psf? I'll take pretty much anything I can at £3.50 psf in London! A family home would only be about £15k

I'd have thought a house/flat in a good area of London would be maybe £900psf to buy. So maybe the average is somewhere in the region of £300psf?

ETA, if your post is a typo and its $6,191 then it sounds too high. A 2000sq ft flat/mews house would be over £7m. Property is expensive but not that expensive.

Edited by Maxf on Saturday 18th October 00:41

[oyster]

LotusACBC said:

My OH < {see, im learning not to say my 'girl' ) decided to try and impress me with a fun fact she got from Elle Decor magazine. it didnt make much sense to me, so I asked her to show it to me. This is what it says: London has the highest average housing price per square foot in the world: $6.191

Can someone please explain that, I dont understand how they ended up with that figure.

Is that $6.191 or $6,191??

[XJSJohn]

gingerpaul said:

Hong Kong? I'm sure I've heard $100s per square foot banded around.

Edited by gingerpaul on Saturday 18th October 00:28

But that will be in Honky Dollars.

Honkers is about 20% ahead of singapore, and i get 140sg/m in singapore with sea fiews and facilities for the same as 40sq/m in a house conversion in East London.

Also prices in Central are high in Honkers (same as District 9 & 10 in singa) but significantly cheaper as you head out.

In london its all soddin expensive, with a much larger "very expensive" bit

Edited by XJSJohn on Saturday 18th October 01:31

[davido140]

average? erm... samverage??

Pointless calculation really, they will be taking into account the mental expensive property, the road mentioned earlier for example, and working out a mean average with properties in utter fking dumps in the east end and south london where housing is a fraction of the cost.

Stupidly high priced stuff will always scew the figure (if there is enough of it, which in london there is)

[LotusACBC]

$6,191

[Plotloss]

Thats £3500/ft in proper money.

I'd say thats about right, as an average for London, all things considered.

[sleep envy]

Plotloss said:

Thats £3500/ft in proper money.

still working in LSD?

[Plotloss]

A4 is a bit under a foot.

There's yer margin

[sleep envy]