The total value of UK homes has surged to over a record £10 trillion this year as strong demand and a lack of supply continues to drive house prices, according to Zoopla.
The value of the county’s housing stock has lifted by £1.3 trillion, or 15%, from February 2020, a month before pandemic lockdowns began, says the property website’s Value of Housing report. This has netted the average homeowner £48 per day in capital gains,
The survey estimates that 9.4m homes, or 32% of all properties, have grown in value by more than £50,000, and since the average UK household income came in at £34,100 last year, this means that some properties are generating more cash than their owners’ salaries.
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