Economics
Britons Are Obsessed With House Prices and New Figures Show Why
- Land accounts for 51% of U.K. net worth, highest in the G-7
- Value of land drives total worth to 10.2 trillion pounds
This article is for subscribers only.
Discussion of house prices has long been a national pastime in Britain, and it’s little wonder.
Land accounted for 51 percent of the U.K.’s net worth in 2016, far more than in any other measured Group of Seven country, the Office for National Statistics said on Wednesday. In Germany, the figure was as low as 26 percent and the G-7 average excluding the U.S. and Italy was 39 percent.