How much is the whole property of Albion

Bank Halifax with characteristic thoroughness all the banks counted the cost of the housing market in the UK. At the current date its value is estimated at £5.06 trillion, which is £1,83 trillion higher than in 2004, when the value of the housing was estimated at £3,22 trillion. Over the past decade, the value of the residential real estate market has grown by more than half – 57 % .

This means that the housing of every family has risen by an average of £79262 pounds since 2004.

Appreciation of housing over 10 years, much ahead of the rise in consumer prices for other goods, which amounted to only 37% in 10 years.

The biggest spurt in prices the housing market has experienced over the past year, when there was a rise in the housing stock by 14% , which in absolute terms amounts to £630 billion . It is the most rapid annual price growth since 2002, when there was record annual growth of 21%.

More than half of this value growth over the last 12 months had only two regions of the UK – London and South-East, where the rising cost of housing for the year amounted to £217 and £123 billion, respectively.

In the calculations of the Bank of Halifax was reported as rising prices for residential properties in the UK and entry into the market of new housing projects.

The largest increase in the value of the housing market occurred in London over the ten year period, where for 10 years, the cost of housing has increased more than twice – by 109%, rising from £545 billion to £1,14 trillion over 10 years. Following the London region post-growth spurt the cost of housing has become Scotland, where the market grew by 94% from £170 billion to £333 billion over 10 years.

Over the past 10 years has increased and the size of mortgage loans. The size of mortgage debt in the Kingdom increased by 47% from £877 billion To £1,29 trillion. over the 10 years. Given that the cost of private housing in four times – £5,06 trillion. exceeds the the debt on mortgage loans in the property market in the UK is a definite visible trend of increasing the share of the property purchased without the involvement of Bank loans.

The aggregate value of the real estate market in the UK excluding the involved mortgage loans, according to the Bank Halifax, is estimated at £3,76 trillion – more than 7.2 million households own their property in full, without the participation of the price of Bank loans.

® Alice Morgan. 24.11.2014

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BROMPTON ROAD, KNIGHTSBRIDGE SW3 – £ 5,950,000

PARKSIDE, 28-56 KNIGHTSBRIDGE SW1X – £ 6,995,000

KENSINGTON SQUARE, KENSINGTON W8 – £ 7,000,000

TREVOR STREET, KNIGHTSBRIDGE SW7 £ 7,950,000

HENRY MOORE COURT, MANRESA ROAD, SW3 £ 12,000,000

SLOANE STREET, KNIGHTSBRIDGE SW1X – £ 12,950,000

QUEENSBERRY PLACE – £ 12.5 million

MONTPELIER SQUARE, KNIGHTSBRIDGE SW7 – £13.3 million

KNIGHTSBRIDGE SW1X – £19.5 million

Mansion on Mayfair £ 32,999,950