Dorset Is 2nd Richest County In Property

Dorset is the 2nd richest county in the UK when it comes to property, according to a survey.

Surrey came top of the list though -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. Dorset's property per head totalled £207,220.

Buckinghamshire came 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.

Top 10 UK counties by property per head:

1. Surrey (£255,125 per head; £287.6 billion total property wealth)

2. Dorset (£207,220; £83.8 billion)

3. Buckinghamshire (£198,490; £98.8 billion)

4. East Sussex (£196,300; £101.2 billion)

5. Essex (£178,705; £252.4 billion)

6. Hertfordshire (£175,492; £194.3 billion)

7. Devon (£161,817; £121.3 billion)

8. Hampshire (£159,171; £206.4 billion)

9. Kent (£157,288; £224.5 billion)

10. Warwickshire (£145,431; £77.9 billion)

 

The UK's total regional property wealth:

1. South East (£1.6 trillion)

2. London (£1.0 trillion)

3. South West (£488.3 billion)

4. East (£482.5 billion)

5. West Midlands (£367 billion)

6. East Midlands (£336.1 billion)

7. Scotland (£322.1 billion)

8. Yorkshire & Humberside (£300 billion)

9. North West (£253.9 billion)

10. Wales (£223.3 billion)

11. North East (£162.9 billion)

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