Value of UK housing stock hit record £8.7tn in 2022
by Rupert Neate Wealth correspondent from World news | The Guardian on (#698ES)
Annual rise of 425bn smaller than in previous two years, says Savills as it predicts fall in house prices in 2023
The total value of all homes across the UK has reached a record high of 8.7tn but rising mortgage costs are likely to lead to a dip in 2023.
The country's 30m homes were valued by the estate agent Savills at a combined 8.68tn at the end of 2022, a rise of just over 5% or 425bn on a year earlier.
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