The government released figures showing that 60% of the country's £6.5 trillion wealth is now tied up in property. The Times. The Guardian. Financial Times
The total value of homes owned by UK households in 2006 was £3,696bn, a rise of 10.8% on the previous year
Office for National Statistics yesterday published the nation’s annual balance sheet, covering the value of all buildings, companies, shares and other assets, net of liabilities, at the end of 2006.
If the wealth were spread equally, each person in Britain would have more than £108,000 of equity in UK plc.