Last week I was filming in Devon once again and one of the properties that was featured was in the heart of Salcombe - one of the most popular weekend retreats for sailors and the London jet set. Prices of residential property here are pretty steep for Devon, but the one I visited was a commercial property in one of the main streets.

Advertised as a 'shop', this little unit has no running water or loo and has just about the same footprint as a Ford Transit Van!! So, just about enough room to swing the proverbial cat or more sensibly to house a desk and telephone - but not much more.

The property actually attracted quite abit of interest - most probably because of it's location in one of Salcombe's busy trading streets - and eventually sold for £27,500.

Now, from my reckoning - taking the inner dimensions, this works out at about £6000 per square metre and got me thinking about how this stacks up against other property hotspots. I know that Salcombe can command prices on par with London - but where else do prices reach these heady heights?

Most Expensive Towns in the UK

Source: Halifax

Average Prices in Major Global Cities (2008)

Source: Global Property Guide

* The average of London (prime) and London (other luxury) per square metre (sq. m.) prices.

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