Hampshire in the top 10 for UK’s property wealth

Picture: Paul Jacobs (142476-229) PPP-140824-032155001

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HAMPSHIRE is the eighth richest county in the UK when it comes to property.

People living in the county each have an individual property wealth of £159,171.

While there is £206.4 billion worth of homes in Hampshire, according to property website PrimeLocation.com.

Nigel Lewis, property analyst at PrimeLocation.com, said: ‘Property wealth per head is driven by one key factor – demand.

‘Homes in and around the capital will always be sought-after because of the increased population density in the south and its better employment opportunities.’

Surrey is the richest county in the UK. Its homes have a total value of almost £288 billion, representing 5.1 per cent of the UK’s £5.6 trillion overall property wealth.

Surrey also has the most property wealth per head at £255,125 each,

Its list sees southern counties dominate, with Dorset in second place with property per head totalling £207,220, Buckinghamshire third with £198,490 and East Sussex fourth with £196,300.

Elsewhere, Warwickshire comes 10th, with individual property wealth of £145,431, and North Yorkshire is in 15th position with £126,967.

On a regional level, the south east holds the greatest property wealth, accounting for nearly a third (30 per cent) of the UK’s total property fortune.

London comes in second in the regional listing with just over £1 trillion, while the South West completes the top three with property wealth amounting to more than £488 billion.