openPR Logo
Press release

Homes in Britain’s biggest cities are worth £2.64 trillion

11-12-2010 01:34 PM CET | Industry, Real Estate & Construction

Press release from: FindaProperty

London is most valuable with Glasgow in second
By head of population Manchester is in second place

The homes in Britain’s ten biggest cities are worth £2.64 trillion – according to the latest analysis from property portal

Its calculation is based on the value of every home, from studio lofts through to luxury mansions, in the ten most populous cities in the country.

Assuming they were all sold at their current market value, believes they would add up to this huge figure.

And the national value has gone up slightly compared to this time last year, when homes in the same cities were worth £2.62 trillion (a difference of 1% or £12bn).

London was far ahead of any other UK metropolis in’s league table. It is 29 times more valuable than Glasgow in second place and 31 times more than Bristol in third. However by head of population Manchester is actually the second-most valuable city.

Nigel Lewis, property analyst at said: “We conducted this analysis because we think it’s the best way to track the full impact of fragile house prices during the current period of uncertainty.

“Looking just at specific property types or particular parts of a town can be misleading as these can vary wildly within the same place, so taking the overall value of properties within a city gives a fuller picture, we believe.

“And while we would have expected London to be the most valuable city in the country based on the total worth of its residential properties, we were still a little surprised at just how far ahead it was of anywhere else in the UK.”

About is a leading property website with a comprehensive search facility for house-hunters looking for property to buy or rent.

The site also holds independent editorial on the housing market, as well as guides to different aspects of the buying, selling and renting processes. These contain local information about council tax rates, school tables, crime rates, comments from local residents and photo albums, giving a general feel for an area.

Launched in 1997, now publishes the details of over 750,000 properties from over 11,000 agents, attracting 4 million unique visitors and generating 74 million page impressions a month. has tools to make home hunting easier including the ability to add notes to properties of interest, check out distances from properties to key places, and search recent property sold prices. is recognised as a leading source of consistent and reliable UK housing market data.

Pete Marcus
Citigate Dewe Rogerson

Lees House 21-23 Dyke Road Brighton BN1 3FE

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Homes in Britain’s biggest cities are worth £2.64 trillion here

News-ID: 151423 • Views: 850

More Releases from FindaProperty

FindaProperty survey: First-time buyers depend on loans from parents
Average first-time buyer in past five years given £22,669 by parents 65% of first-time buyers planning to pay back parents won’t repay with interest 11% of first-time buyers got £50,000 or more from parents Over half (52%) of parents who have provided money to help their children get on the property ladder will get nothing back on their investment – that’s according to research into the state of the ‘Bank of Mum and
14th September 2010: More people were looking for a new property in August than ever before, according to website It saw record numbers of potential home buyers searching for properties on its site last month, despite concerns over the fragility of the housing market and fears of a possible ‘double dip’ in house prices. August is traditionally one of the quietest months of the year in the property market, but
4th October 2010: Asking prices for properties in the five Olympic boroughs have grown twice as fast as the non-Olympic London boroughs in the last year, new research from shows. Between September 2009 and September 2010, the average asking price for properties across the Olympic boroughs of Greenwich, Hackney, Newham, Tower Hamlets and Waltham Forest increased by 3.0% from £276,751 to £284,936. In the same period, prices in the non-Olympic
The North West of England was the only region of the UK to see an increase in property asking prices last month, according to’s House Price & Affordability Index. is putting the rise down to the influx of around 2,500 BBC employees moving to Salford’s MediaCity UK from London. While average asking prices across the UK fell by 0.5% in August, prices in the North West rose by 0.1%.

All 5 Releases

More Releases for London

Dr Rasha Clinic London: The Most Trusted Aesthetic Clinic In London
Dr Rasha Clinic London ( is the most trusted aesthetic clinic London based. Owned by Dr Rasha Rakhshani, one of the most experienced and respected cosmetic doctors in the UK, the clinic offers extensive aesthetic services incorporated with medical knowledge and artistry, which clients keep coming back to. With its impressive client base, not only in the UK, but also from other parts of the world mainly in the US, Europe,
London Backpackers for Cheapest Hostel Stay in London - Cut the Cost of a Stay i …
London is a fantastic place to visit at any time of the year, but there’s really no getting away from the fact that a trip can be expensive. The good news for travelers from all over the world is that they can bring those costs down and still enjoy a fantastic visit if they book a stay at the London Backpackers hostel. The hostel is located in the heart of
SEO Agency London
FirstRank is a leading digital marketing agency based in London, offers Website Development, Search Engine Optimization and Social media marketing service. we provide seamless growth for your business with our digital marketing services and solutions. Our highly competent teams are constantly adding the smile to the faces of our clients. Digital marketing is an investment and our digital marketing Agency focus on returns. In 2012, we started as a SEO company
The Man Van in London Makes Moving In London More Affordable
The London removal company has become one of the most recommended home and office removal services. London continues to be the most expensive place to purchase a home in the UK with the average price of a property costing £473,073. However, it’s not just the cost of purchasing or renting a home that can be expensive, moving in and around London can be more expensive than other areas of the UK.
London 2012
Off to the Paralympics with 15,000 spare parts Ottobock, the medical equipment company, is preparing for a large-scale operation at the Paralympic Games in London (29 Aug. to 9 Sept. 2012). Some 4,200 athletes are expected at the second largest sports event in the world. In order to ensure technical service for them, Ottobock is sending 78 orthopaedic technicians from 20 countries. The first vehicles are already transporting 9
Building Company London Provides Space and Value with Loft Conversions London
For Immediate Release London, UK (mynewsdesk), September 5, 2011 – Building Company London is offering a total loft conversions London package, including the services of architects, designers and planning professionals. Customers taking advantage of the service get their own home “turnkey” project, where the company takes care of everything from initial consultation and design through to the final roll of the painter and decorator’s brush. The Building Company London offers this level