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The value of the UK's private housing stock has trebled over the past decade, according to a new survey.
Values have increased from £1.1 trillion in 1995 to £3.4 trillion in 2005, according to the Halifax's annual review, which tracks the value of private housing stock at the local authority, regional and national level.
The report by the nation's largest lender also suggests the gap in housing wealth between the north and south has narrowed in the past five years.
The report shows southern England has 55 per cent of the UK's housing wealth compared to 60 per cent in 2000 but a third is held in northern and middle England, up from 29 per cent.
The total housing value in Wales, Scotland and Northern Ireland has grown one per cent to make up 12 per cent of the entire UK value.
Seven of the 10 wealthiest areas are in London, with housing stock west of the capital worth more than the entire north of England.
Birmingham is second (£38.24 billion), with London borough, Kensington and Chelsea, third (£37.67 billion). Leeds is fifth and Edinburgh seventh.
Over the past five years, the north of England's housing stock value has increased sharpest, rising by 139 per cent to £113 billion last year.
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