UK housing stock reaches record €11t value

New research from Savills indicates that the total worth of all homes in the UK has reached a record high of £9.18t (€10.74t). 

Lucian Cook

This figure is more than 3.8 times the market value of the FTSE100 at the end of the year.
Savills' study encompasses the value of properties owned outright, those with mortgages, social housing, and the private rented sector.
The analysis shows that the UK's housing stock increased by an additional £136 bn (€159.2 bn) in value in 2025. However, this growth rate is slower than the previous year's increase of £268 bn (€313.7 bn).
While the North of England and the devolved nations represent only 27% of the total value of UK homes, they have been responsible for 60% of the overall growth since 2022.
The North West has been the strongest performing region, with its housing stock value increasing by £63 bn (€73.7 bn) since 2022. This is significantly higher than London's growth of £26 bn (€30.4 bn) and the South East's £39 bn (€45.6 bn).
Despite a decrease in value in Central London, its most expensive areas still outstrip entire regions.
According to Savills, the value of homes in Westminster and Kensington & Chelsea, London's most valuable boroughs, has dropped by 12% over the past three years due to ongoing tax and regulatory changes.
Nevertheless, the combined value of homes in these two boroughs (£209 bn/€244.7 bn) still exceeds the total value of all housing in the entire North East of England (£196 bn/€229.4 bn), even though the North East's value increased by 11% during the same period.
Lucian Cook, head of residential research at Savills, commented: “Although the total value of UK housing has continued to edge up over the past year, the capital appreciation of £336 bn (€393.5 bn) since the end of 2022 is the lowest we have seen for three years since 2013.”
Dan Hill, senior research analyst at Savills, added: “There remains more capacity for growth in more affordable markets of the North, Scotland, and Wales, while in London and the South, that continues to be more limited. However, housing wealth remains heavily concentrated in London and the South East. These regions command a disproportionately large share of total UK housing value relative to their share of the housing stock, an imbalance that continues to define the UK housing market.”