Total value of housing in Britain moves past6 trillion for first time

The total value of Britain's housing stock has passed the6 trillion mark for the first time after gains of385 billion in 2015, according to new research. Housing wealth stands at4.84 trillion, net of mortgage debt, or 2.7 times GDP and for owner occupiers with no mortgage total property wealth exceeded2 trillion for the first time, the analysis from real estate adviser Savills shows. It also reveals that the private rented sector's total value is now1.29 trillion, up 55% in five years with numbe...