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In The Money! Equity in British homes reaches all-time high

Almost £730 billion of equity is available in British homes - a record figure.

The sum, assessed during the second quarter of 2021, is an increase of almost £80 billion when compared to the previous quarter according to analysis by Canada Life. 

The figures are based on the latest Halifax quarterly regional house price index.


The average price of a property in the South East is now £353,000 and so creating £140 billion of equity for the region, the largest available equity by region in Britain. 

This was closely followed by London which now has £136 billion of equity. 

Homeowners in the North East and Yorkshire have the least amount of equity available, with £53,546 and £64,830 per household respectively on average. 

Alice Watson, head of marketing in the insurance division of Canada Life, says: “House prices have risen dramatically over the last year which has naturally led to more equity being available across the country. As a result, property wealth is increasingly being used as another element of retirement income, alongside existing savings.”


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