Last in wealth league

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THE North East has come last in a list among the 11 UK regions for total regional property wealth.

The region’s figure came to £162.9billion, according to property website

Surrey is the richest county in the UK when it comes to property, the website said.

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

Property analyst Nigel Lewis said: “Property wealth per head is driven by one key factor – demand.”