London’s property market is now officially worth more than £1.5tn, according to figures recently released from property portal Zoopla.
The study observes an increase of 1.54% in the past 12 months, despite the ongoing housing crisis. To be precise, London’s market is more than twice as valuable as all the property assets in these nine major UK cities: Birmingham, Manchester, Leeds, Bristol, Reading, Edinburgh, Nottingham, Sheffield and Glasgow. Bristol came in second with a £115bn worth of property assets and Glasgow third with a property market value of £90.75bn, leaving behind Edinburgh, the Scottish capital.