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

Post Town/Borough	Region	Price per M2 (£) (based on 2007 Figures
Kensington and Chelsea	Greater London	£8,386
Westminster	Greater London	£6,893
Camden	Greater London	£6,092
Hammersmith and Fulham	Greater London	£5,605
Islington	Greater London	£5,085
Wandsworth	Greater London	£4,871
Richmond upon Thames	Greater London	£4,646
Tower Hamlets	Greater London	£4,387
Southwark	Greater London	£4,315
Lambeth	Greater London	£4,080

Source: Halifax

Average Prices in Major Global Cities (2008)

Ranking	City	Prices(£), per M2
1	London*	9,805
2	New York	7,919
3	Moscow	7,720
4	Paris	6,872
5	Hong Kong	6,262
6	Tokyo	5,900
7	Singapore	5,865
8	Mumbai	5,081
9	Barcelona	4,906
10	Geneva	3,745

Source: Global Property Guide

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