Mind-boggling property stat - value of UK homes rose by £1.4bn EVERY DAY in 2015

The total value of the UK’s 28.6 million homes rose by around £1.4bn every single day for the past year, according to Zoopla.

Research by the property portal found that Britain’s total housing stock is worth approximately £7.76 trillion - up £519bn in 12 months.

Lawrence Hall, of Zoopla, said: “Regions like East Anglia continue to boom as professionals and families seek out properties beyond the London commuter belt.

“Even regions like Wales, where growth has typically been very incremental, have totalled respectable annual growth rates.

‘Of course, to every silver lining there must be a cloud and the price rises we’re seeing do make it harder for those looking to take their first step on to the ladder.

“But with Government Help to Buy schemes still in place and the promise of new homes to ease demand, both buyers and sellers should have at least some reason to be upbeat as we go into 2016.”

Take a look at regional property values in Britain:

London

Current average home value: £655,305

Increased in value in pounds in the past year: £70,130

Percentage increase: 11.8%

 

East of England

Current average home value: £324,4251

Increased in value in pounds in the past year: £34,077

Percentage increase: 11.6%

 

South East England

Current average home value: £380,490

Increased in value in pounds in the past year: £31,283

Percentage increase: 8.8%

 

South West England

Current average home value: £280,268

Increased in value in pounds in the past year: £21,259

Percentage increase: 8.1%

 

East Midlands

Current average home value: £197,536

Increased in value in pounds in the past year: £10,616

Percentage increase: 5.6%

 

North West England

Current average home value: £183,597

Increased in value in pounds in the past year: £9,833

Percentage increase: 5.6%

 

West Midlands

Current average home value: £206,876

Increased in value in pounds in the past year: £10,082

Percentage increase: 5.1%

 

Yorkshire and the Humber

Current average home value: £167,597

Increased in value in pounds in the past year: £5,418

Percentage increase: 3.3%

 

North East England

Current average home value: £183,931

Increased in value in pounds in the past year: £4,727

Percentage increase: 2.7%

 

Scotland

Current average home value: £180,719

Increased in value in pounds in the past year: £4,744

Percentage increase: 2.7%

 

Wales

Current average home value: £174,669

Increased in value in pounds in the past year: £4,058

Percentage increase: 2.2% 

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