As the cost of living crisis continues to tighten its grip, it will perhaps come as no surprise to you that the most expensive home in the world is now in the UK.
But the eye-wateringly flashy pad, contrary to what you might think, isn't even based in London, it can instead be found Poole Harbour, Dorset.
Despite its mammoth recent price tag, the home itself was built on a plot of land that was originally purchased for about £1,000 all the way back in 1906.
Advert
This purchase was made by a Victorian botanist, who went on to build the four-bedroomed bungalow that became known as North Haven Point.
The home, which has remained in that family until very recently, was then extended in 1950 to its current size of 2,909 square foot.
As the home just sold for £13.5 million, this means that its new owner paid £4,640 per square foot of floor space.
Advert
And it is this price which is that makes this bungalow the most expensive home in the world - surpassing other famously expensive property hotspots like Monaco and New York.
So, who had a spare £13.5 million to buy the pad?
Well, its new owner is Tom Glanfield, who found his fortune after beginning a recruitment business with a student loan in the early 2000s.
Advert
Glanfield, who is in his early 40s, said the home has 'huge' potential, sitting on a 1.4 acre plot of land on the aptly named Millionaire's Row.
He said he plans to knock down the existing house and spend an additional £5 million on a new, eco-friendly property.
The millionaire also plans to protect his slice of paradise by improving the sea defence walls the bottom of the garden, which give the home panoramic views of the world's second-biggest natural harbour.
The number one spot is, of course, in Sydney, Australia.
Advert
Glanfield wrote of his new pad on social media: "Proud to take my own small slice of Sandbanks. It's nothing fancy, but I fought hard for it and the potential is huge. Got some work to be done ahead, like repairing all the sea defences.
"But I fell in love immediately with the view and its rustic charm, could sit at the end of the garden and never want to move again."
But while this might be the most expensive home in the world, it's not in the most desirable property location, which is Monaco.
Advert
To put how expensive it is into context, one square foot of property will set you back £4,374.
In second place is Hong Kong, where you can expect to pay £3,775, and then there's New York, where a square foot costs £2,150.
These are followed by Geneva (£1,875), Tokyo, (£1,850), Shanghai (£1,850) and last but most certainly not least, London (£1,741).
Emma Guinness