A recent report has confirmed some very encouraging news about the value of UK housing stock. The value has increased 118 per cent over the last ten years, increasing from 1.7 trillion pounds to over 3.7 trillion pounds. This increase comes when good news is needed more than at any other time. With the possibility of a double dip recession, inflation looming, and a corresponding rise in interest rates; the news could not have come at a better time.

During this same ten years, the retail price index rose just 29 per cent, exemplifying the dependence upon the UK property market for the UK populaiton. Plug this data into an economic model and the population of the UK has quite an asset in the housing market. The 118 per cent actually equates to about 33,000 pounds surge upward per every person in the UK over the last decade.

It goes without question that the Labour government objective with the housing market was a plan of constantly enhancing it and creating more value within it. Although it is the belief of some that rising property values caused the subsequent worlwide recession, the goal of any government should be to enhance living conditions of its people and create a country full of valuable sectors.

Although the price index has not come into even the same atmosphere compared to the increase in home value, appreciation in value is a valuable asset and should be favorably viewed. So, even though the current housing market disables some first time homeowners purely due to out-of-reach prices, the housing market is still much better off in the short term or the long term when considering value.

We can all just hope that the last decade will replicate itself and the next ten years will include more impressive increases in the housing market.