Total value of homes across the UK hits record highs

House prices may be showing signs of falling, but yet the total value of homes across the UK hit a fresh record by the end of 2022

An elevated view of London houses at sunset
(Image credit: © Getty images)

House prices are predicted to fall in 2023, but 2022 still saw the total value of UK homes hit a high of £8.6trn in 2022 following a bumper three years for house prices, research from estate agent Savills showed.

Data from Savills showed a 5.1% increase in the total value of UK homes from 2021, a jump of £425bn from the year before.

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Nic studied for a BA in journalism at Cardiff University, and has an MA in magazine journalism from City University. She has previously worked for MoneyWeek.