Business Insider UK’s latest article Villas in England, Wales and Scotland can be a bit pricey for the average home, but the prices of the most expensive homes in the UK have soared by £9 million.
The luxury villas are worth more than £30 million in London alone, according to data from Luxury Homes.
The average price of a £300,000 villa in England was £16.25 million in 2016, according, data from the UK Office for National Statistics.
The average price in the country was £17.5 million in the year ending March 2017.
England is second only to Wales in the number of luxury villa homes in existence, with 10,093 villas in existence.
England’s most luxurious villas, however, are located in Scotland, where there were 6,965 villas worth £10.2 million in existence in 2016.
Scotland also has the highest number of villas on offer, with 2,907, and the UK has the second highest number in the world, with 8,076.
England, where the average house costs £400,000, has the fifth most expensive housing market in the United Kingdom.
In Wales, the average villa was worth £3.9 million in 2021.
England has the third most expensive luxury villases, with Wales, Scotland and Northern Ireland in the top five.
England also has some of the cheapest villas around, according the Office for Budget Responsibility.
England had the lowest price of any UK housing market by the end of the year, according figures from The National Institute of Economic and Social Research (NIESR).
England’s housing market is dominated by properties that were built between the late 19th and early 20th centuries, and are often linked to specific regions.
England does not have any national housing policy, but it is believed that local government and housing associations are working to increase the supply of homes and address the housing shortage.
Wales is also home to the first privately-owned homes in Britain, and is set to become the largest property market in Europe in 2023, according The Guardian.
Wales has the most luxurious properties in England.
The most expensive one is in London, with a £1.1 million house on the A16, which is set for completion by the beginning of the decade.
The cheapest house in Wales is a £6.3 million home in North Wales, which opened in April 2018.
England recently made it easier to sell private homes.
Homes that were listed for sale for under £5m would no longer have to go through a process called “capping” to secure a listing, the Times reported.
Homes are also being offered for sale on Airbnb and other platforms.
England became the first country in the EU to require all residential property to be sold for at least 10 years before it can be redeveloped, in 2017.