Home

World Real Estate: Britain is For Sale and Worth Over £8 Trillion

If Britain is to be sold now, it is estimated to be worth around over £8 trillion. This includes the total value of all homes in Britain, along with all other buildings, infrastructures and the finances of the country.

The gigantic amount of money has been calculated by experts at the Office of the National Statistics.

The one that makes up the lion's share is the housing stock followed by roads, bridges, the shares people own and the money in the banks of all people.

According to Telegraph report, the total amount for the entire country will give per person a pay-out of £125,000 of the 64.6 million people in the country or about £302,000 per household, the ONS said. Of course it would leave all the people homeless.  

The biggest and most valuable non-financial asset in the whole country is the residential properties which have increased by over three times since 1997.

It was estimated at the end of 2014 that the total net worth of the UK was around £8.1 trillion.

The residential properties were valued at £5.1 trillion, or about 60 percent of the total price tag.

The houses in the UK increased in value by £408 billion between 2013 and the end of 204, or nine percent higher.

The increase in value was mainly due to increasing prices in housing rather than to more homes being built, the ONS said.

Aside from housing stock, other prices that are included in the sum include: currency in circulation worth £1.4 trillion which includes money in bank accounts, buildings and structures worth £1.9 trillion including roads, railways, bridges, stadiums, warehouses, and pipelines, £850 billion worth of machinery, equipment and weapon systems as reported by Gulf News media.

The amount of £8.1 trillion would buy 9,761 units of the Jeddah Tower, a building under construction in Saudi Arabia to become the tallest building in the world when completed, at a cost of £825 million;

Or 36.6 million Rolls-Royce at the list price of £220,019 each.


Join the Discussion
Real Time Analytics