UK houses are smaller but more expensive than other countries (Picture: Getty)
People in the UK are paying far more for property compared to other nations – even when the size of a home is smaller, says new research.
The data, conducted by information pack provider Moverly, found that the average UK home comes in at just 818 sq ft – one of the smallest property sizes in the world.
In fact, out of the other 19 nations analysed, only China, Russia and India were home to smaller properties.
Australia, on the other hand, tops the leaderboard – where the average home is 182% larger than the UK, at a roomy 2,303 sq ft.
Other sizeable spots include New Zealand (2,303 sq ft), the United States (2,164 sq ft) and Canada (1,948 sq ft) – all between 138% and 166% larger than UK homes.
What’s more, properties in the Netherlands, France, Germany and Spain also ranked higher than the UK – but not just in terms of space.
The average price of a home in the UK is currently £351 per square foot, far higher than the price of property in Germany (£236), Canada (£218), France (£212), Australia (£208), Spain (£141) and the United States (£126).
A map recently revealed how much a square foot of property costs in different parts of the UK, with in inner London rising to £724 for one square foot – illustrating just how high these figures are.
Moverly co-founder Ed Molyneux said: ‘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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The average UK home comes in at just 818 sq ft.