§ Mr. Gouldasked the Secretary of State for the Environment what was, each year since 1953, the value of the housing stock.
§ Sir George YoungThe available figures are as follows:
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Privately owned dwellings, United Kingdom net value at current replacement cost (excluding land) £ billion at current replacement cost End year 1950s 1960s 1970s 1980s 0 — 10.5 21.2 138.8 1 8.1 11.2 24.7 149.8 2 8.3 12.0 31.9 —
End year 1950s 1960s 1970s 1980s 3 8.2 12.8 42.1 — 4 8.5 13.6 52.0 — 5 9.1 14.5 60.6 — 6 9.5 15.2 68.0 — 7 9.7 16.1 77.0 — 8 9.8 17.4 92.1 — 9 10.0 19.0 115.3 — As explained in my reply to the hon. Member's previous question on this subject, the only available estimates are derived from the perpetual inventory of fixed capital assets maintained by the Central Statistical Office. The methods used in the perpetual inventory were described in an article in the October 1976 issue of Economic Trends, which is available in the Library,.