Houses in London's top 10 most expensive boroughs are worth as much as the entire property markets in Wales, Scotland and Northern Ireland combined, research has revealed. The total value of the UK's housing stock has risen slightly to £5trillion over the past year, but housing wealth is becoming increasingly concentrated in London and the South East, according to international real estate adviser Savills. In their annual Valuing Britain analysis, Savills found the capital's homes are now worth an aggregate £1.12trillion, accounting for 22.5 per cent of the UK's housing value. This graphic shows how house prices have fallen across the UK since 2007 except in London, where the total property stock has increased in value by 14.2 per cent. Scotland has seen a drop of 3.9 per cent, Wales 14 per cent and Northern Ireland 50.9 per cent - and the housing markets in all three countries are now worth the same as the capital alone
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Study shows housing wealth is increasingly concentrated in South East
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City of Westminster has total value more than twice that of Edinburgh
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Commuter hotspot of Windsor and Maidenhead worth more than Cardiff
However, the UK total value remains -6.4 per cent below its peak while @placeholder's residential real estate has risen 14.2 per cent more than in 2007.