U.K.’s 8.8 Trillion-Pound Wealth Owes Much to Housing: Chart
An employee places an advert for a residential house for sale into an estate agent's window in this arranged photograph in the Hackney borough of London, U.K., on Thursday, July 21, 2016. London's seven-year housing boom may be about to end after the U.K. voted to leave the European Union.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
The total net worth of the U.K. at the end of 2015 was 8.8 trillion pounds ($11.6 trillion), the Office for National Statistics said in London on Thursday. Much of the 493 billion-pound jump from a year earlier came from the 355 billion-pound increase in the value dwellings. The data also showed the U.K. was ahead of other G-7 countries in terms of growth of non-financial assets in 2014.