A study of every residential address in the UK, which stands at 27 million addresses both privately owned and social housing, has shown that property values in London are worth over 10 times more than in the UK's second biggest city, Birmingham.
Properties situated in the outstirts of London, such as Reading, also benefit from the high priced property brackets that Londoners enjoy, with Reading, which has a comparatively small population, came seventh in the poll by value. The combined value of properties in Reading came to a total of £50.3billion, which is only JUST below Bristol and Leeds and came in as higher than Belfast, Edinburgh, Liverpool and Newcastle.
Properties situated in the outstirts of London, such as Reading, also benefit from the high priced property brackets that Londoners enjoy, with Reading, which has a comparatively small population, came seventh in the poll by value. The combined value of properties in Reading came to a total of £50.3billion, which is only JUST below Bristol and Leeds and came in as higher than Belfast, Edinburgh, Liverpool and Newcastle.
The predictable north-south divide remains, however, other anomalies remain, including the fact property in York is worth more than Cambridge and property values in Huddersfield outstrip Oxford.
However, London is worth the same as the next 40 biggest British cities and towns combined.
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