Britain’s housing value soars 20% in five years

The total value of homes in Britain has risen 20% (£1.6 trillion) in the past five years according to Zoopla.

There has been a rapid acceleration in value over the past year in particular, driven by soaring demand for homes and the pandemic-led search for space.

For that reason, over a third of the past five years’ price growth has come in the past 12 months alone. On top of this, 11.9m homes have registered an above average price rise (£49,000) over the last five years.

The total value of homes in Britain currently stands at £9.2 trillion.

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Sources: Dataloft Inform, Estate Agency Today and Zoopla.