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

    Making money from property “is for the birds” says top wealth manager

    Property

    Marseilia Real Estate Investment : Bénéfice net individuel de 11,3 millions EGP au premier trimestre

    Property

    Grade II-listed property dating from 1717 for sale in Bury

    Property

    UK’s most expensive seaside town with million-pound mansions and white sand beach

    Property

    Dorset high street property up for auction

    Property

    Met Office says UK could see third heatwave in the space of a month | News UK

    Property
    Leave A Reply Cancel Reply

    Top Picks
    Cryptocurrency

    New Cryptocurrency Releases, Listings, & Presales Today – PILSO OS, Wiki Agent, Sanafi Onchain

    Cryptocurrency

    France arrests five over cryptocurrency kidnapping

    Investments

    Foreign investment in US housing drops, but Texas still a top market

    Editors Picks

    Global technology outage causing flight disruptions at Newark Liberty Int’l Airport

    July 19, 2024

    Dow wavers, S&P 500, Nasdaq rise in countdown to Trump’s tariff reveal

    April 1, 2025

    Best Underground Metal Albums of August 2024

    August 29, 2024

    Garfield County Clean Energy approves electric vehicle plan

    July 23, 2024
    What's Hot

    Avec Nickel, on peut créer un compte en Espagne, sans besoin du NIE

    April 6, 2025

    Wall Street’s Most Accurate Analysts Give Their Take On 3 Utilities Stocks Delivering High-Dividend Yields – Dominion Energy (NYSE:D), Avista (NYSE:AVA)

    April 28, 2025

    How the BVNK-Circle Partnership Will Expand USDC Utility

    October 20, 2024
    Our Picks

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

    October 14, 2024

    One Big Beautiful Bill Act: Agricultural Provisions | Market Intel

    June 4, 2025

    Ce groupe de métal de Loire-Atlantique tourne un clip avec un clown dans le bus et dans un supermarché !

    March 23, 2025
    Weekly Top

    Next Cryptocurrency to Explode, 6 July — Story, Alchemy Pay, Injective, MX Token

    July 6, 2025

    Ukraine imposes sanctions on Russian financial, cryptocurrency schemes

    July 6, 2025

    BAY Miner Announces Major Launch: Free Mobile Cloud Mining App Drives Global Expansion into Eco-Friendly Cryptocurrency

    July 6, 2025
    Editor's Pick

    Franklin County Agricultural Fair Celebrates Local Heritage and Community Spirit

    July 12, 2024

    ECU breaks new ground in precious metals extraction

    August 19, 2024

    Learn with ETMarkets: As silver surges ahead, here’s how to trade this precious metal

    October 13, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

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