Casino Apps have sourced the nine islands, which are all on sale now, that are cheaper to buy in their entirety than the average house in the United Kingdom as of December 2023.
The average house price in the UK sits at an incredible £284,691 and is 828 square feet (0.02 acres) with three bedrooms.
As for the islands, to qualify for our research they had to be at least 43,560 square feet (1 acre) big – around 52 times bigger than the average house in the UK.
In the UK, house prices are growing at the fastest annual rate in nearly two years following the COVID-19 pandemic – becoming 2.4% more valuable in the year up to August 2024, according to data sourced by Nationwide.
For many young adults looking to begin their journey on the property ladder as first-time buyers, the continued inflation is creating a number of difficult challenges on their path.
650,000 Square Foot Canadian Island Cheaper Than Average UK House
Priced out of buying your first house in the UK? Not to worry, as there are a total of nine islands on the planet that you can own for a cheaper price than an average property in Britain.
The best bang for your buck comes in the form of ‘MacLellands Island,’ located in Nova Scotia, Canada, an untouched 15-acre (650,000 square feet) ‘paradise’ that has been touted as an ‘idyllic fisherman’s village’ – which would set you back just $215,000 or £168,210.
Described as a ‘six-acre mangrove island,’ it provides the perfect opportunity for those with a bit of extra cash to get away from a hectic lifestyle and enjoy the benefits of self-sufficient living.
Two Panamanian Islands Can Be Bought For Cheaper Than Typical UK House
Blowfish Island will provide you with 261,360 square feet of land and costs a fraction of the price of an average property in the UK – which comes in at 4.6 times more expensive.
Another Panamanian island on the list is Wild Cane Key, priced over £100,000 less than the UK average.
Commentary
Neil Roarty, Content Lead at Casino Apps discussed the ever-rising house prices in the UK alongside the ‘cost of living’ crisis since the pandemic began in early 2020.
He said: “The data shows that it is becoming increasingly difficult for young people and first-time buyers to make their way into the industry due to a surge in the prices of average properties.
“For many of our youth, the thought of ever outright owning their own home is simply the stuff of dreams. Low interest rates on savings accounts have played a big factor and renting is leaving young people trapped.
“The cost of living increased dramatically in the UK following the COVID-19 pandemic across 2021 and 2022, with the annual rate of inflation peaking at 11.1% in October 2022 – a 41-year high.”
Methodology
Using Private Islands Online, we sourced the islands which are cheaper to buy than the average UK home (£284,691). To qualify, the island had to be at least 43,560 square feet (1 acre) in size.
