The Big Figure

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This is the value of UK’s private housing stock in August 2015, the latest figures from Halifax have shown.

It compares with £3.3trn in 2005, which is an increase of £1.8trn – or 53 per cent – over the past decade.

The increase of £1.8trn since 2005 is equivalent to £76,316 for each household in the owner-occupied and private rented sectors. The value of the UK private residential housing stock has grown at a faster rate than consumer prices, with the retail price index up by 35 per cent in the past decade.