Total Value of Property Market Climbs £2.7trn in Last Decade

New research has revealed that in the last decade, the property market across England and Wales has seen £2.7trn added in value, a 67% increase since 2011.

Stripe Property Group analysed data on the number of households across the nation, hot off the press from the latest census, cross referencing the data with house price data, to find the current value of the market and how this has changed since the last census in 2011.

The figures show that in 2011, the total value of the market sat at just over £4trn, with some 23.4m households worth an average of £172,625.

Fast forward to 2021, there are now 1.4m more households across England and Wales worth an average of £271,501.

As a result, the total estimated value of the nation’s real estate market sits at a staggering £6.7trn, having increased by 67% in the last ten years – an increase of £2.7trn.

Regional breakdown

London, of course, ranks top where current market value is concerned.

The capital’s housing stock is worth £1.7trn in the current market, having also seen the largest monetary increase in the last decade, increasing by £775bn in the last decade.

The East of England has seen the largest percentage increase in total market values, climbing 82% in the last decade to £837.1bn.

Local authority level

At local authority level, Buckinghamshire sits top of the property market table where total value is concerned, with the housing market worth £94.6bn today.

Westminster ranks second (£91.1bn), followed by Kensington and Chelsea (£88.7bn), Birmingham (£87.5bn) and Wandsworth (£84bn).

Buckinghamshire has also seen the largest monetary increase in total market values in the last decade, increasing by £39.7bn since 2011.

In terms of the largest percentage increase, Waltham Forest sits top, where the total value of the market has increased by 130% in the last decade.

The total value of the market has also doubled or more in Newham (113%), Dartford (107%), Barking and Dagenham (105%), Lewisham (103%), Hackney (102%) and Central Bedfordshire (100%).

Managing Director of Stripe Property Group, James Forrester, commented:

“As the results of last year’s census start to come to light, we’re able to get a really concrete view of just how the housing market has changed over the last decade.

Not only are there now considerably more households than there were ten years ago, but the value of these homes has also increased substantially.

As a result, the current value of the housing market today is quite mind boggling and in some areas, this total market value has more than doubled in just 10 years.

This growth is testament to the strength of the housing market and the safety of investing in bricks and mortar at all levels and it will be fascinating to see where we stand in another 10 years time.”

Table shows the total property market value in each location and the 10 year change based on the number of households and the average house price
Location	2011 – Number of households*	2011 – Average house price	2011 – Estimated total market value	2021 – Number of households*	2021 – Average house price	2021 – Estimated total market value	Change in estimated total market value (£)	Change in estimated total market value (%)
London	3,266,173	£290,551	£948,990,094,195	3,423,800	£503,404	£1,723,555,315,824	£774,565,221,628	81.6%
South East	3,555,463	£218,881	£778,221,707,818	3,807,900	£353,556	£1,346,305,697,277	£568,083,989,458	73.0%
East of England	2,423,035	£190,149	£460,737,201,263	2,628,700	£318,447	£837,100,366,883	£376,363,165,620	81.7%
South West	2,264,641	£189,021	£428,065,388,609	2,448,800	£288,747	£707,083,945,109	£279,018,556,501	65.2%
North West	3,009,549	£129,208	£388,857,175,086	3,153,400	£190,352	£600,256,296,557	£211,399,121,471	54.4%
West Midlands Region	2,294,909	£145,461	£333,820,054,303	2,429,500	£222,992	£541,758,712,613	£207,938,658,311	62.3%
East Midlands	1,895,604	£138,004	£261,600,815,767	2,037,300	£219,210	£446,595,896,480	£184,995,080,713	70.7%
Yorkshire and The Humber	2,224,059	£130,429	£290,082,029,823	2,330,600	£186,666	£435,044,403,366	£144,962,373,543	50.0%
North East	1,129,935	£117,427	£132,685,020,897	1,175,700	£144,659	£170,075,448,243	£37,390,427,346	28.2%
England	22,063,368	£175,230	£3,866,163,102,953	23,435,700	£276,194	£6,472,795,740,169	£2,606,632,637,216	67.4%
England and Wales	23,366,044	£172,625	£4,033,567,377,700	24,782,800	£271,501	£6,728,562,304,465	£2,694,994,926,765	66.8%

*Based on census data detailing the number of households with at least one usual resident vs ave price

Table shows the top 10 areas with the current (2021) most valuable property markets based on total market value
Location	2011 – Number of households*	2011 – Average house price	2011 – Estimated total market value	2021 – Number of households*	2021 – Average house price	2021 – Estimated total market value	Change in estimated total market value (£)	Change in estimated total market value (%)
Buckinghamshire	200,727	£273,759	£54,950,738,305	220,300	£429,532	£94,625,928,586	£39,675,190,281	72.20%
City of Westminster	105,772	£632,514	£66,902,228,802	94,800	£961,184	£91,120,251,258	£24,218,022,456	36.20%
Kensington and Chelsea	78,536	£908,565	£71,355,067,982	66,900	£1,325,524	£88,677,564,938	£17,322,496,957	24.30%
Birmingham	410,736	£130,740	£53,699,550,721	423,500	£206,701	£87,537,948,340	£33,838,397,618	63.00%
Wandsworth	130,493	£386,200	£50,396,421,135	137,400	£611,075	£83,961,733,861	£33,565,312,726	66.60%
Barnet	135,916	£338,978	£46,072,535,550	148,900	£552,835	£82,317,060,806	£36,244,525,256	78.70%
Camden	97,534	£554,393	£54,072,163,216	92,800	£837,792	£77,747,119,001	£23,674,955,785	43.80%
Leeds	320,596	£139,767	£44,808,839,531	341,500	£211,746	£72,311,285,213	£27,502,445,682	61.40%
Lambeth	130,017	£304,030	£39,529,050,041	134,700	£533,741	£71,894,972,327	£32,365,922,286	81.90%
Cornwall	230,389	£191,495	£44,118,346,867	250,500	£274,278	£68,706,533,694	£24,588,186,827	55.70%

*Based on census data detailing the number of households with at least one usual resident vs ave price

Table shows the top 10 areas to have seen the largest £ increase in total property market value over the last 10 years
Location	2011 – Number of households*	2011 – Average house price	2011 – Estimated total market value	2021 – Number of households*	2021 – Average house price	2021 – Estimated total market value	Change in estimated total market value (£)	Change in estimated total market value (%)
Buckinghamshire	200,727	£273,759	£54,950,738,305	220,300	£429,532	£94,625,928,586	£39,675,190,281	72.2%
Barnet	135,916	£338,978	£46,072,535,550	148,900	£552,835	£82,317,060,806	£36,244,525,256	78.7%
Birmingham	410,736	£130,740	£53,699,550,721	423,500	£206,701	£87,537,948,340	£33,838,397,618	63.0%
Wandsworth	130,493	£386,200	£50,396,421,135	137,400	£611,075	£83,961,733,861	£33,565,312,726	66.6%
Lambeth	130,017	£304,030	£39,529,050,041	134,700	£533,741	£71,894,972,327	£32,365,922,286	81.9%
Hackney	101,690	£308,698	£31,391,543,894	106,100	£596,416	£63,279,726,472	£31,888,182,578	101.6%
Ealing	124,082	£302,307	£37,510,846,401	133,700	£506,409	£67,706,890,646	£30,196,044,245	80.5%
Southwark	120,422	£312,539	£37,636,631,061	130,800	£514,960	£67,356,766,071	£29,720,135,010	79.0%
Croydon	145,010	£215,428	£31,239,152,837	152,900	£394,401	£60,303,933,161	£29,064,780,324	93.0%
City of Bristol	182,747	£173,141	£31,641,032,425	191,600	£312,804	£59,933,153,712	£28,292,121,287	89.4%

*Based on census data detailing the number of households with at least one usual resident vs ave price

Table shows the top 10 areas to have seen the largest % increase in total property market value over the last 10 years
Location	2011 – Number of households*	2011 – Average house price	2011 – Estimated total market value	2021 – Number of households*	2021 – Average house price	2021 – Estimated total market value	Change in estimated total market value (£)	Change in estimated total market value (%)
Waltham Forest	96,861	£220,905	£21,397,121,926	102,900	£477,431	£49,127,609,339	£27,730,487,413	129.6%
Newham	101,519	£207,664	£21,081,803,114	115,500	£389,007	£44,930,256,982	£23,848,453,868	113.1%
Dartford	40,081	£179,021	£7,175,329,949	45,700	£325,325	£14,867,374,975	£7,692,045,026	107.2%
Barking and Dagenham	69,681	£163,465	£11,390,414,715	73,900	£316,319	£23,375,960,919	£11,985,546,205	105.2%
Lewisham	116,091	£228,017	£26,470,768,801	122,400	£438,261	£53,643,145,306	£27,172,376,505	102.7%
Hackney	101,690	£308,698	£31,391,543,894	106,100	£596,416	£63,279,726,472	£31,888,182,578	101.6%
Central Bedfordshire	104,399	£192,053	£20,050,181,957	120,800	£332,708	£40,191,140,482	£20,140,958,525	100.45%
Greenwich	101,045	£229,295	£23,169,153,514	114,100	£405,633	£46,282,773,425	£23,113,619,911	99.8%
Bedford	63,812	£183,291	£11,696,155,037	74,900	£308,517	£23,107,920,929	£11,411,765,892	97.6%
City of London	4,385	£463,931	£2,034,336,452	4,900	£812,170	£3,979,633,313	£1,945,296,861	95.6%