SMF - Just Installed!

Value of Britain's homes hits new record

Started by propertyfag, January 12, 2008, 03:32:42 PM

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propertyfag

LONDON (Reuters) - Britain's private housing stock is valued at a record four trillion pounds after house prices grew by almost a tenth last year, new figures show.

Halifax, the country's largest mortgage lender, said the value of the housing stock had risen 9 percent during 2007 and more than tripled in the past decade -- from 1.3 trillion pounds in 1997.

Source: http://uk.reuters.com/article/domesticNews/idUKL1117251520080112

4 Trillion? I wonder what that looks like...

Aisha