Value of Britain's homes tops £6TRILLION for the first time - and 40% of the wealth is owned by the over-65s



The total value of Britain's privately owned housing stocks has reached over £6trillion for the first time, new figures reveal.
The value of homes rose by £376billion in one year alone, thanks to the average value of a single home hitting £256,912, marking a near £70,000 increase since 2007, Halifax said.
In London alone, housing stocks are valued at around £1.3trillion. But, housing equity levels, which give the difference between the value of houses and total outstanding mortgage debt, are significantly out of kilter in the capital.
London has the highest housing equity level in the... read more

 
29 November 2017 in Business, Views: 41
Source: Daily Mail
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