Zoopla has just revealed some startling figures from tracking the value of the UK’s 30m homes. The total value of UK housing broke the £10 trillion mark early in 2022 and reached £10.5 trillion by the end of 2022. This is an increase of £700bn over the year, or nearly £80m added to the value of the nation’s housing every hour on average over 2022. While 92% of homeowners saw their property increase in value last year due to low supply and high demand, one million homes have lost all their pandemic gains. However, 12 out of 13 homeowners saw the value of their home increase by an average of £19,000, with almost 3m making more than £50,000.
