Privately owned homes in London have risen in value by more than 50% in the 10 years since June 2006, figures from Savills show.
In contrast, 8% of all privately owned homes in England, Scotland and Wales have fallen in value over the period – by an average of 4.3% – with the majority of those affected in the north of England.
The figures illustrate the problem the government has in implementing a one size fits all housing policy, Savills director of residential research, Lucian Cook, said. The chancellor, Philip Hammond, said last week that housebuilding would be at the centre of his autumn statement.
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