x
By using this website, you agree to our use of cookies to enhance your experience.
Graham Awards

TODAY'S OTHER NEWS

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.

Advertisement

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.”

icon

Please login to comment

HBB Solutions HBB Solutions HBB Solutions
sign up