Property News · November 29, 2017

Value of UK's housing stock soars past £6tn


Biggest rises of the past decade seen in London and the south-east, with the over-55s holding almost two-thirds of the wealth The total value of all the houses in the UK has passed the £6tn mark for the first time, according to research by Halifax which also highlights the vast concentration of property wealth in London and the south-east.The value of homes in London is now more than all the houses in Scotland, Wales and the north of England combined. The research also reveals how property values in the south have escalated since the financial crash of 2007-08, despite incomes remaining relatively flat. Continue reading…

Source : theguardian.com
Read more…Value of UK’s housing stock soars past £6tn

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