£57 billion added to value of British housing market

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Published by Max Salsbury for 24dash.com in Housing and also in Communities, Finance

The combined value of Britain's homes rose by £57 billion last year - and now stands at a total of £5.96 trillion. The increase reversed 2011's downturn, which saw £124 billion drop of the market's total value. However, 2012's 0.97% increase wasn't enough to bring the market back up to 2007's heights, with current levels still down 10% on that year's peak performance. Unsurprisingly, London house price rises accounted for the bulk of the increase, where combined stocks went up...

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