The total value of UK housing has soared by 46% in the last ten years

A sharp acceleration in property price inflation means that the combined value of British homes has climbed by £550 billion (a third of the total five-year increase) in just the last 12 months, according…

The grand total value of privately owned homes has risen by 48% since 2007; London and the South East accounts for more than half of the £1.94 trillion increase.

The total value of UK residences climbed by 2.7% - or £190bn - in 2018, says Savills, but London saw a 1.5% drop; all the homes in Britain are now worth £7.29 trillion.