Using Price per SQ FT as a basis

movilogo

In many countries properties are indeed priced as £/sq ft (in their own currency of course).

UK is quite unique to market houses like x-bedroom house etc.

This is just to hide the fact how large/small the house it.

Always add up the dimensions given in the property ads.

Once you calculate £/sq ft figures, it is easy to see which houses are over priced.

Richard_Webster

Yes pricing per square foot isn't the norm in England so you can't really use it as an argument in price negotiations.

However it can be relevant in making your own personal decision about whether a particular house/flat is good value.

ReadingTim

It's probably about as useful as miles per gallon are when deciding to buy a car. Make of that what you will...

Surrey_EA

james23ee1 wrote: »

Do you, as EAs, attach much importance to sq ft cost when pricing a property?

It is becoming much more common for buyers to think in terms of cost per sq ft, so it is certainly something we consider when pricing a property. However, as others have highlighted it is not something to be taken in isolation as there are many other factors that affect value.

Whilst pricing per sq ft is not yet the norm in England, it is very common on the continent and I believe it is a trend likely to continue over here, not just something foreign investors worry about.