Now here’s a stat to make you choke on your coffee…
The total value of UK homes is now £5.75 trillion, according to research by Savills.
The figure is up by £543bn in the last year and £966bn in five years.
The estate agent found that London and the South East accounted for £2.5 trillion of the total value of homes across the UK.
The total value of housing stock in London, where average values per property stand at £428,988, is now £1.485 trillion, an increase of 20% or £247bn in one year and 61% in the past five years.
According to the research, owner-occupied homes accounted for almost 15 million households.
In the past five years, the number of homes owned without a mortgage rose 437,471 to over 8.3 million, with values rising £325bn to almost £2 trillion.