London And The South East Hold The Majority Of The UK's Housing Wealth

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London And The South East Hold The Majority Of The UK's Housing Wealth

Statistics reveal that property homeowners in London and the South East of England hold the majority share of the UK's housing market. Property wealth has risen by an average of £80,000 which is considerably more than other parts of the county has seen over the past five years.

The north-south divide of home equity continues to grow further apart, with exclusion of mortgages excluded from the property values, real housing wealth.

This highlights London as the location at the top with a £122,000 rise. At the bottom is Sunderland and Middlesborough with an increase of only £3,000 over the past five years.

With the growth and rising values of London and the South East of England, indicates penalisation to those in the rental market, particularly the younger generations, making it increasingly difficult to find a way to get onto the property ladder.

 

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