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Surrey richest county in property

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Property wealth is concentrated in southern England, a survey found

Property wealth is concentrated in southern England, a survey found

Property wealth is concentrated in southern England, a survey found

Surrey is the richest county in the UK when it comes to property, according to a survey.

Its homes have a total value of almost £288 billion, representing 5.1% of the UK's £5.6 trillion overall property wealth.

Surrey also has the most property wealth per head at £255,125 each, according to property website PrimeLocation.com.

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.

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."

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%) of the UK's total property fortune.

Its homes are worth £1.65 trillion, with Buckinghamshire, East Sussex, Hampshire and Kent all featuring in the top 10 counties by property wealth per head.

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.

PA