🇬🇧 United Kingdom

The United Kingdom has one of the world's most watched property markets, with London serving as a global real estate hub attracting buyers from every continent. UK property prices range enormously — from terraced houses under £50,000 in northern England and Scotland to £20+ million mansions in Kensington and Chelsea. The average UK house price hovers around £280,000, but regional variations are extreme, with London averages exceeding £500,000.

The UK property market operates on a leasehold/freehold system unique to England and Wales, where many flats are sold on long leases rather than outright ownership. Scotland has its own distinct legal system for property transactions. Stamp Duty Land Tax is a major transaction cost, with rates up to 12% for higher-value properties (and a 2% surcharge for overseas buyers). Despite Brexit uncertainty and interest rate rises, UK property continues to attract international investment due to strong rule of law, the English language advantage, world-class education institutions, and London's status as a global financial center.