Housing stock value £7.29 trillion!

Savills have released figures on the UK housing stock value for 2018 and it reached a record of £7.29 trillion. Despite all the talk about a slowing housing market, the value of property increased by just over £190 billion since the previous year. More than a quarter of this came from new housing development which is higher than it has been since 2011. Another record was set for the private rented sector which saw a 4.1% increase taking it above the £1.5 trillion mark. The value of housing stock in London fell for the first time since 2009 at a £26.2 billion loss (down 1.5%). Although, it’s still worth more than 24% of the total at £1.77 trillion. Wales had the biggest percentage gain of 6.3%, so it’s not just the rugby they’re winning at! Click here to read more.