{"id":3022578,"date":"2019-01-14T15:47:03","date_gmt":"2019-01-14T15:47:03","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=3022578"},"modified":"2019-01-14T15:47:03","modified_gmt":"2019-01-14T15:47:03","slug":"value-of-uk-housing-stock-rises-to-7-29-trillion","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-us\/2019\/01\/14\/value-of-uk-housing-stock-rises-to-7-29-trillion\/","title":{"rendered":"Value of UK housing stock rises to \u00a37.29 trillion"},"content":{"rendered":"
The value of the UK\u2019s housing stock increased to a new record of \u00a37.29 trillion in 2018, with the country\u2019s regions making gains while London\u2019s market recorded a fall for the first time in a decade.<\/strong><\/p>\n New research by property adviser Savills shows the regions around England, Scotland, Wales and Northern Ireland recording rises in value. The latter enjoyed a 6% uptick to a new total of \u00a3100.7 billion, but the south-east heads the list in value terms, rising by 2.2% to \u00a31,387.5 billion.<\/p>\n Total housing property in the capital fell for the first time since 2009 with a drop of 1.5%, but at \u00a31.77 trillion London\u2019s homes still account for a quarter of the UK\u2019s total value. Birmingham, Manchester, Edinburgh, Glasgow, Cardiff, Bristol, Liverpool and Sheffield all saw faster rises than in London last year, but the capital\u2019s total worth is still four times those cities put together.<\/p>\nLondon still dominates the landscape<\/h4>\n