The Halifax recently reported that the value of housing stock has outpaced inflation and left UK home owners with an average value of £241,682. Research from the lender based on ONS figures found that the total value of privately owned housing stock in the UK has grown to over £5.5 trillion since 2006. In the past decade, total value has grown by £1.9 trillion, or 51%, to an estimated £5.6 trillion, beating the 33% increase in the retail price index. The average value has climbed from £173,837 in 2006 representing an increase of £67,845 or 39% according to the Halifax. Jonathan Bye, director of Eric Lloyd & Co, commented that “these figures bring seasonal cheer to the nation’s home owners and reinforce the long held belief that there are few better investments than bricks & mortar”.
All the team at Eric Lloyd & Co wishes everyone a Merry Christmas and a Happy New Year and looks forward to helping you buy or sell in 2017. Our offices will close for the Christmas Holiday at 5.00 p.m. on Friday 23rd December. We will be open again on Wednesday, Thursday, Friday and Saturday December 28th, 29th, 30th & 31st. Following the New Year holiday we will be open again at 9.00 a.m. on Tuesday 3rd January.