Value of private housing stock hits new high

Jan. 15, 2007
Britain’s private housing stock grew to a record worth of £3.8 trillion in 2006, according to the Halifax. The figure represents a £410 billion or 12% rise from the previous 12 months. The increase means that housing equity now significantly outweighs mortgage debt. Halifax economist Time Crawford said: "The UK’s household balance sheet is in good shape. Total housing assets …

Continue reading

To continue reading this article please login or register.

Login

Forgot your password?

Register for free

Quick and free registration

Register