Britain’s homes could be worth £9.2tn on open market, report shows
Property website values total UK housing at four times the value of the country’s economy
Britain’s homes could be worth as much as £9.2tn on the open market – four times the value of the UK economy, and £550bn more than this time last year, it has been claimed.
House prices have soared since the restrictions on homebuying started to be eased in the spring of 2020, fuelled by stamp duty breaks and a rush for larger homes. The lowest mortgage rates on record have also passed through to higher prices.
Source: Business – The Guardian