Property 55pc of UK inhabitants' wealth

Property now accounts for 55pc of people’s wealth in the UK, with the figure set to rise to 60pc by 2009, according to a recent survey conducted by Datamonitor on behalf of Prudential. The increase has been fuelled by a switch out of financial assets, which accounted for 58pc of UK households’ wealth in 1996 but now make up only 45pc, and is a result of the increase in house prices across the county over the last six years. Both sources of wealth have grown in value since 2001, but non-financial assets increased by 12.8pc compared to financial assets which only grew by 1.3pc. Ali C...