Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Property»How Much? The amazing value of the UK’s housing stock 
    Property

    How Much? The amazing value of the UK’s housing stock 

    February 21, 20253 Mins Read


    The total value of all homes across the UK now stands at £9.10 trillion (£9,100,000,000,000), according to property firm Savills.

    In 2023 the total value of the UK’s housing stock fell for the first time since 2011 (by -£22 billion). But last year (2024) it returned to growth, adding £346 billion in value (+3.9%). 

    The total value of the UK’s housing stock is now more than 3.5 times the annual GDP of the UK.

    “The value of Britain’s housing stock returned to growth in 2024 as affordability pressures eased and prices returned to growth in many areas, pushing the total value of the UK’s housing stock to another record high” comments Lucian Cook, head of residential research at Savills.

    “With the Bank of England expected to cut interest rates further over the coming months, we anticipate an increase in transactional activity, particularly among second-steppers who have held off moving until rates fall. While first-time buyer activity is expected to be boosted by planned reforms to mortgage rules.

    “This in turn should lead to further upward pressure on values, mitigating any impact that increased taxation and regulation will have on the PRS sector, as well as lower levels of housebuilding.”

    According to the company, growth has been much more evenly distributed across UK regions over the past two years, with the value of housing in the North increasing by more than in the South (£137 billion vs £125 billion). 

    The North West, Scotland, and Yorkshire and The Humber have each added more than £37bn to the value of their housing stock since 2022, exceeding the £31bn growth seen in London. 

    Over the last decade (since 2014), London and the South East have grown relatively slowly in percentage terms, but have still added the most value in raw terms, at more than +£1.2tn.

    Dan Hill, a research analyst at the company, comments: “A shift in the distribution of growth over the past two years is largely reflective of where we are in the UK housing market cycle. Regional markets that are less reliant on debt have more capacity for growth and have therefore remained the most robust.

    “Despite this, vast housing wealth remains concentrated in pockets in London and the South East. These two locations alone still account for more than 40% of the total UK housing value, even though they are home to just 26% of housing stock.”

    Regional values and changes £bn

    Total value in 2024 2 year change 10 year change
    London £1,992 £31 £606
    South East £1,698 £60 £630
    East of England £996 £12 £393
    South West £847 £22 £328
    North West £720 £37 £311
    West Midlands £632 £22 £265
    Scotland £546 £46 £220
    East Midlands £520 £22 £224
    Yorkshire & the Humber £508 £42 £210
    Wales £302 £6 £122
    North East £191 £12 £66
    Northern Ireland £153 £12 £71
    United Kingdom £9,104 £324 £3,446

    Source: Savills Research

    Housing owned by unmortgaged occupiers continues to be the fastest growing housing tenure, according to Savills, with value in this segment increasing by £1.36 trillion since 2014 (or 66%). This compares to growth of £1.07 trillion for mortgaged housing stock (55% since 2014).

    Owner-occupier stock dominates in most regions, but in London, the PRS holds the most value. Totalling £617 billion, the PRS in London is worth more than all the housing stock in Scotland, combined. 

    Cook continues: “In recent years we have seen a growing divide between the value of homes owned outright and by those owned with a mortgage due to growing numbers joining the ranks of the mortgage-free. While growth in mortgage debt has remained more subdued due to increased affordability pressures and more caution from lenders.”



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    one man’s struggle to hold onto family land in the American South

    Property

    Realtors Are Using AI Images of Homes They’re Selling. Comparing Them to the Real Thing Will Make You Mad as Hell

    Property

    Property expert on the key home upgrade that can boost your home’s value

    Property

    Real estate sector turns to QES and IDV to address familiar issues

    Property

    UK homebuyers prioritise ‘ready to go’ properties

    Property

    Real estate investment ‘20% ahead’ of 2024, despite quieter second quarter

    Property
    Leave A Reply Cancel Reply

    Top Picks
    Cryptocurrency

    NY Attorney General urges tougher crypto laws to protect investors

    Precious Metal

    Des travaux de forage exploratoire à Murdochville

    Investments

    Unadopted Turkmen Orphans Sent To Retirement Homes Despite Right To Housing

    Editors Picks

    Après quinze ans de silence, la magie Stereolab opère toujours

    May 21, 2025

    Insurtech Firm Qoala Cuts Losses by 36% as Revenue More Than Doubles in 2023

    October 14, 2024

    Israel climbs to top 8 in Europe for investments in the UK

    August 6, 2025

    MobiFin’s Innovations Take Center Stage at Money20/20 USA

    October 11, 2024
    What's Hot

    The Republicans who want to save the IRA

    August 14, 2024

    Noval Property acquiert un terrain à Marousi, en Grèce, pour 0,2 million d’euros

    April 30, 2025

    Global Silver Nanowires Market Forecast 2024-2031: Trends,

    August 26, 2024
    Our Picks

    Wranglers Captain Brett Sutter Announces Retirement

    July 15, 2024

    How critical minerals became a flash point in US-China trade war

    April 24, 2025

    Stock market today: S&P 500, Nasdaq climb on Nvidia boost, with CPI inflation, bank earnings in focus – Yahoo Finance

    July 15, 2025
    Weekly Top

    Gold may rally further amid macro uncertainty, global tariff tensions: Analysts

    August 10, 2025

    Mineral and metal trading exchange might debut in India

    August 10, 2025

    Money just went digital, Bitcoin, Ethereum, stablecoins and CBDCs, Pakistan’s moment

    August 10, 2025
    Editor's Pick

    Iowa Utilities Commission issues pipeline permit for Summit Carbon Solutions • Iowa Capital Dispatch

    August 28, 2024

    What is Digital Real Estate? How to Invest in It in 2024

    July 26, 2024

    Midas Minerals annonce l’acquisition du projet Otavi Copper auprès de Nexa Resources

    May 15, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.