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10 London boroughs worth more than all the homes in Wales, Scotland and Northern Ireland

Publié par Clifford Armion le 02/04/2013

Jonathan Brown

The growing disparity between house prices in London and the South-east and those in the rest of the United Kingdom was revealed today, prompting fresh concern among first-time buyers and fears for the national economic recovery.
Research shows that the net value of properties in just 10 London boroughs – Westminster, Kensington & Chelsea, Wandsworth, Barnet, Camden, Richmond, Ealing, Bromley, Hammersmith & Fulham and Lambeth – now outstrips the worth of all the properties in Wales, Northern Ireland and Scotland combined.
Elmbridge, a leafy corner of the Surrey stockbroker belt bordered by the Thames and the M25, which is home to just 131,000 people, is now worth £31bn – more than Scotland’s biggest city, Glasgow, where a population of 1.75m inhabits homes valued at £29bn. Property in the Royal Boroughs of Windsor and Maidenhead outstrips that in the whole of Cardiff.
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"10 London boroughs worth more than all the homes in Wales, Scotland and Northern Ireland", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), avril 2013. Consulté le 25/06/2021. URL: http://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/10-london-boroughs-worth-more-than-all-the-homes-in-wales-scotland-and-northern-ireland